What is satisficing?
A)A method by which individuals seek satisfactory solution only if it is optimal as well
B)A method by which individuals seek a satisfactory solution,not an optimal one
C)A heuristic that leads individuals to sacrifice satisfying solutions in order to search for optimal solutions
D)Both a and b
E)Both b and c

Question

Quizplus · Accepted Answer

Satisficing is a decision-making strategy in which individuals aim to find a solution that is satisfactory or “good enough," rather than searching for the optimal solution. This approach typically balances the cost of continued search and the potential benefits of finding a better option. Option A would be contradictory, as seeking a satisfactory solution only if it is optimal would mean pursuing an optimal solution, not merely a satisfactory one. Option C would be the opposite of satisficing, as it suggests that individuals sacrifice satisfactory solutions for the sake of finding optimal ones. Therefore, the best answer is B.

What Is Satisficing