Satisficing behavior occurs when we choose the first solution alternative that satisfies minimal decision criteria, even if better solutions are presumed to exist.

Name: Satisficing behavior occurs when we choose the first solution alternative that satisfies minimal decision criteria, even if better solutions are presumed to exist.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Satisficing behavior involves selecting an option that meets the minimum criteria rather than exploring all available options for optimal results.

Satisficing Behavior Occurs When We Choose the First Solution Alternative