How does satisficing differ from rational decision making?

Question

Quizplus · Accepted Answer

Satisficing involves choosing the first option that meets an acceptable level of satisfaction, rather than analyzing all options and choosing the optimal solution. Rational decision making involves analyzing all options and choosing the option that maximizes benefits while minimizing costs. Therefore, the main difference between satisficing and rational decision making is that satisficing does not always result in choosing the optimal solution, while rational decision making strives to do so. Options A-D are all parts of the rational decision making process, but they do not distinguish satisficing from rational decision making.

How Does Satisficing Differ from Rational Decision Making