Examples of 'satisficing' in a sentence
Meaning of "satisficing"
Satisficing is a term coined by the economist and Nobel laureate Herbert Simon, referring to the decision-making strategy of selecting the first option that meets a satisfactory threshold, rather than seeking the optimal solution
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- present participle of satisfice
- Satisfying and sufficient
How to use "satisficing" in a sentence
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satisficing
I could tell you about satisficing again.
The satisficing principle in capability learning.
Another key issue concerns an evaluation of satisficing strategies.
Any satisficing problem can be formulated as an optimization problem.
He coined the terms bounded rationality and satisficing.
Satisficing occurs as we consider our alternatives.
Share an example of a decision in which you used satisficing.
Satisficing is rational behavior under conditions of uncertain information.
He invented the terms bounded rationality and satisficing.
We often move through life satisficing and temporizing.
Maximizing and satisficing have important implications in the world of personal finance.
Most of them would be perfectly solved by a satisficing approach.
They are satisficing instead of maximizing.
Enter the concept of satisficing.
Satisficing behaviour Consumers do not behave entirely rationally in product or supplier selection.
See also
Simon called this satisficing.
The term satisficing was first coined by Herbert Simon.
The planning module uses an evolutionary algorithm to evolve a satisficing plan.
So the final solution represents a satisficing choice somewhat than an ideal one.
Satisficing is a word created from two words - satisfy and suffice.
But the worst case scenario for satisficing a lifelong mate is pretty terrible.
Satisficing happens when decision-makers accept solutions that are good enough.
Whereby a person accepts satisficing is a decision-making strategy.
That is, the set of optimum actions is a subset of the set of satisficing options.
Without a doubt, satisficing is more natural for some people than it is to others.
The two are inter-twined because satisficing involves.
Satisficing - A person may choose a solution that is just "good enough.".
Here are some examples of how satisficing actually works for the average person,.
In contrast, PKE uses the concept of satisficing agents.
What is a satisficing model?
Ultimately, Schwartz agrees with Simon 's conclusion, that satisficing is, in fact, the maximizing strategy.
Assumptions - bounded rationality, satisficing behaviour, profit sub-optimality.
