Rachael would like to shop around comprehensively for her car insurance this year.However she is very busy at work,so instead of searching more exstensively she simply does a quick check on 3 well-known options and chooses one.According to Herbert Simon,this is known as what?
A) a maximized solution
B) a rational solution
C) a satisficing solution
D) a general search solution

Question

Quizplus · Accepted Answer

According to Herbert Simon, choosing an option without doing an extensive search and settling for a satisfactory option is known as a satisficing solution. Rachael did not search extensively but simply checked three well-known options and chose one, which is a form of satisficing solution.

Rachael Would Like to Shop Around Comprehensively for Her Car