A-Z Popular New Decision Making Search »
Decision Making
 
Decision Making
A/B Testing
Abilene Paradox
Argument
Thought Processes
Abductive Reasoning
Abstract Concept
Abstraction
top   »  decision making   »  decision quality   »  satisficing

What is Satisficing?

 , updated on
Satisficing is a decision making strategy that picks the first option that meets a minimum requirement. This is often contrasted with perfectionism that seeks to maximize benefits but may require a longer and more expensive decision making process.
In any decision making process, there's no guarantee that an optimal solution can be found. In some cases, a long decision making process achieves similar results to a short one. Satisficing can be more efficient than perfectionism when considering the cost of the decision making process itself.
Overview: Satisficing
Function
Decision Making
Problem Solving
Definition
Picking the first option you find that meets a minimum requirement.
Value
Satisficing is designed to make fast decisions in situations in which a more complex decision making process is unlikely to improve results.
Related Techniques
Flipping A Coin
Prioritization
Next read: Decision Making

Decision Making

This is the complete list of articles we have written about decision making.
A/B Testing
Abilene Paradox
Abstract Concept
Analysis Paralysis
Analytic Reasoning
Assertions
Benefit Of Doubt
Boil The Frog
Choice Architecture
Cold Logic
Collective Intelligence
Consensus
Convergent Thinking
Counterfactual
Creativity
Critical Thinking
Decision Analysis
Decision Authority
Decision Balance
Decision Costs
Decision Fatigue
Decision Framing
Decision Mapping
Decision Modelling
Decision Quality
Decision Rationale
Decision Support
Decision Tree
Devil's Advocate
Disagree And Commit
Divergent Thinking
Emotional Intelligence
Failure Of Imagination
Fallacies
Generalization
Group Decisions
Groupthink
Heuristics
Ideation
Imagination
Inaction
Indecision
Introspection
Intuition
Keep It Simple
Logic
Maximax Criterion
Minimax Criterion
Motivated Reasoning
Non Decision
Normative Model
Objectivity
Opportunity Cost
Overthinking
Paradox Of Choice
Pareto Analysis
Predictive Analytics
Preserving Ambiguity
Prioritization
Reverse Brainstorming
Sanity Check
Satisficing
Serious Game
Strategic Dominance
Thought Experiment
Tradeoffs
Visual Analytics
Visual Thinking
More ...
If you enjoyed this page, please consider bookmarking Simplicable.
 
Cite »

Decision Making

A list of decision making techniques.

Abilene Paradox

The observation that groups may make collective decisions that are viewed as wrong or irrational by each individual member of the group.

Decision Making Process

A complete guide to the decision making process.

Rational Thought

The difference between rational thought and logic.

Uncertainty

The common types of uncertainty in decision making and strategy.

Information Costs

A definition of information costs with examples.

Reverse Brainstorming

A definition of reverse brainstorming with examples.

Decision Fatigue

The definition of decision fatigue with examples.

Devils Advocate

Taking a position that you do not necessarily agree with for the purposes of argument.

Paradox Of Choice

The definition of paradox of choice with examples.

Problem Solving

An overview of problem solving with examples.

Thought Processes

A list of thinking approaches and types.

Workaround

A definition of workaround with examples.

Creative Thinking

A list of common creative thinking techniques.

Problems

A list of common types of problems.

Analysis Paralysis

The definition of analysis paralysis with examples.

Arrow Of Time

The definition of the arrow of time with examples.

Business Problems

An overview of common business problems.

Decision Framing

The definition of decision framing with examples.

Research

The common types of research.

Trending

The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map
Business Disadvantages
Business Models
Business Strategy
Cities
Color Theory
Colors
Communication
Computing
Creativity
Culture
Customer Experience
Customer Service
Decision Making
Design
Design Thinking
Economics
Education
Governance
Government
History
Humans
Industries
Influencing
Information
More ...
© 2010-2024 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.

View credits & copyrights or citation information for this page.

Home About     Privacy Policy     Cookies Terms of Use     Contact Us Search


Cookies help us deliver our services. You have choices regarding these cookies. Please visit our privacy policy, cookie policy and consent tool to learn more.


Copyright 2002-2024 Simplicable. All rights reserved. This material may not be published, broadcast, rewritten, redistributed or translated. Report violations here.