{"id":4550,"date":"2019-04-05T10:00:36","date_gmt":"2019-04-05T04:30:36","guid":{"rendered":"https:\/\/pothi.com\/blog\/?p=4550"},"modified":"2019-03-29T14:32:09","modified_gmt":"2019-03-29T09:02:09","slug":"thats-the-word-for-it-satisfice","status":"publish","type":"post","link":"https:\/\/pothi.com\/blog\/2019\/04\/05\/thats-the-word-for-it-satisfice\/","title":{"rendered":"That&#8217;s the Word for It: Satisfice"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-9460\" src=\"https:\/\/i2.wp.com\/instascribe.com\/blog\/wp-content\/uploads\/2019\/03\/satisfice.png?resize=560%2C315&#038;ssl=1\" alt=\"\" width=\"560\" height=\"315\" data-recalc-dims=\"1\" \/><\/p>\n<p>I first heard this term at a BYOB Party recently. Satisficing is a decision-making strategy or cognitive heuristic, a portmanteau of the words satisfy and suffice. It was introduced by Herbert A. Simon, recipient of the Nobel Prize in Economics, to explain the behavior of decision-makers when an optimal solution could not be determined. Satisficing describes something that meets the minimum requirements of a goal, performing something at a satisfactory level rather than at the maximum level possible.<\/p>\n<p>Besides being used in business terminology, satisficing means\u00a0to pursue the minimum satisfactory condition or outcome.<\/p>\n<p>Here are some places where the word has shown up:<\/p>\n<p>\u201c<strong>Satisficing<\/strong> is one of the foundations of productive human behavior; it prevails when we don\u2019t waste time on decisions that don\u2019t matter, or more accurately, when we don\u2019t waste time trying to find improvements that are not going to make a significant difference in our happiness or satisfaction.\u201d<br \/>\n\u2015 Daniel J. Levitin, <em>The Organized Mind: Thinking Straight in the Age of Information Overload<\/em><\/p>\n<p>\u201cIn reality, though, most of the time we don\u2019t choose the best option\u2014we choose the first reasonable option, a strategy known as <strong>satisficing<\/strong>.\u201d<br \/>\n\u2015 Steve Krug, <em>Don&#8217;t Make Me Think: A Common Sense Approach to Web Usability<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I first heard this term at a BYOB Party recently. Satisficing is a decision-making strategy or cognitive heuristic, a portmanteau of the words satisfy and suffice. It was introduced by Herbert A. Simon, recipient of the Nobel Prize in Economics, to explain the behavior of decision-makers when an optimal solution could not be determined. Satisficing &hellip; <a href=\"https:\/\/pothi.com\/blog\/2019\/04\/05\/thats-the-word-for-it-satisfice\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;That&#8217;s the Word for It: Satisfice&#8221;<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[251],"tags":[263,264],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7vAZr-1bo","jetpack-related-posts":[{"id":4413,"url":"https:\/\/pothi.com\/blog\/2018\/02\/06\/interview-swmrt-creators-of-trashonomics\/","url_meta":{"origin":4550,"position":0},"title":"Interview: SWMRT (creators of Trashonomics)","date":"February 6, 2018","format":false,"excerpt":"We talked to the creators of Trashonomics, a best-selling book at Pothi.com. Tell us about Solid Waste Management Round Table (SWMRT). Solid Waste Management Round Table, Bengaluru (SWMRT) is a voluntary group of individuals, who bring their expertise as SWM practitioners, waste management solution\u00a0and service providers, representatives of waste-pickers\u00a0and waste\u2026","rel":"","context":"In &quot;Interviews &amp; Stories&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/pothi.com\/blog\/wp-content\/uploads\/2018\/02\/trashonomics-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":4565,"url":"https:\/\/pothi.com\/blog\/2019\/05\/03\/thats-the-word-for-it-parsimonious\/","url_meta":{"origin":4550,"position":1},"title":"That\u2019s the Word for It: Parsimonious","date":"May 3, 2019","format":false,"excerpt":"Parsimonious refers to frugality and it also means making a minimum number of assumptions. The sports reference is to not conceding goals. Here are some mentions of the word in literature. \u201cEarthly nature may be\u00a0parsimonious, but the human mind is prodigal, itself an anomaly that in its wealth of error\u2026","rel":"","context":"In &quot;That's the word for it&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/instascribe.com\/blog\/wp-content\/uploads\/2019\/03\/parsimonious.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":4380,"url":"https:\/\/pothi.com\/blog\/2017\/12\/26\/interview-abhik-dutta\/","url_meta":{"origin":4550,"position":2},"title":"Interview: Abhik Dutta","date":"December 26, 2017","format":false,"excerpt":"We spoke to Abhik Dutta, author of several books in Bengali including Kichukhkhon, Nosto Somoyer Golpo, Chandalika Ebong Onyanyo Golpo, etc.\u00a0 Born in\u00a0a Bengali middle-class family, Abhik\u00a0has been reading books\u00a0since his childhood.\u00a0He is a busy Chemical\u00a0Engineer but after coming back from his office, he loves to read various kinds of\u2026","rel":"","context":"In &quot;Interviews &amp; Stories&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/pothi.com\/blog\/wp-content\/uploads\/2017\/12\/Abhik-768x1024.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":5147,"url":"https:\/\/pothi.com\/blog\/2020\/12\/23\/author-resource-power-thesaurus\/","url_meta":{"origin":4550,"position":3},"title":"Author Resource: How to Master Words with the Free Power Thesaurus \ud83d\udcd8","date":"December 23, 2020","format":false,"excerpt":"A thesaurus as you know is not exactly a dictionary but a resource for word clusters, synonyms and antonyms. \u00a0Alexander Radyushin realized that a crowdsourced thesaurus made more sense in the internet age and created the Power Thesaurus. 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ProWriting Aid does a thorough grammar and spell-check of your manuscript. 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