William is preparing to study for the economics final exam. William is happy to get an honours degree, even though he could likely earn his honours degree cum laude if he would study harder. William is a(n)

Question

Quizplus · Accepted Answer

William is a satisficer because he is content with achieving an honours degree rather than striving for the higher achievement of cum laude. A rational maximiser would seek to maximise their outcome, whereas William is not doing so. An agent is someone who acts on behalf of another, which does not apply to William in this scenario. A screener is someone who evaluates or tests, which does not apply to William in this scenario.

William Is Preparing to Study for the Economics Final Exam