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To make a choice that suffices to fulfill the minimum requirements to achieve an objective, without special regard for utility maximization or optimization of ones preferences.
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satisfice
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satisfice — ☆ satisfice [sat′is fīs΄] vi. satisficed, satisficing 〚coined by H. A. SIMON2 Herbert Alexander /span> SATIS(FY) + (SUF)FICE 〛 to be satisfied with a minimum or merely satisfactory level of performance, profitability, etc. rather than a maximum… … Universalium
satisfice — 1560s, SATISFY (Cf. satisfy), altered by influence of its Latin root satisfacere. A Northern English colloquial word; modern use from c.1956 may be an independent formation. Related: Satisficed; satisficing … Etymology dictionary
satisfice — ☆ satisfice [sat′is fīs΄] vi. satisficed, satisficing [coined by H. A. SIMON2 Herbert Alexander < SATIS(FY) + (SUF)FICE ] to be satisfied with a minimum or merely satisfactory level of performance, profitability, etc. rather than a maximum or… … English World dictionary
satisfice — verb decide on and pursue a course of action satisfying the minimum requirements to achieve a goal optimization requires processes that are more complex than those needed to merely satisfice • Syn: ↑satisfise • Hypernyms: ↑act, ↑move • Verb… … Useful english dictionary
satisfice — A solution to a problem is a satisficing solution if it works, but there is no particular reason to think it either the best solution, or the one that maximizes expected utility . Satisficing strategies put up with what does the job, without… … Philosophy dictionary
satisfice — satisficing … Dictionary of sociology
satisfice — sat·is·fice … English syllables
Satisficing — (a portmanteau of satisfy and suffice ) is a decision making strategy which attempts to meet criteria for adequacy, rather than to identify an optimal solution. A satisficing strategy may often be (near) optimal if the costs of the decision… … Wikipedia
Session-based testing — is a software test method that combines accountability and exploratory testing to provide rapid defect discovery, creative on the fly test design, management control and metrics reporting. The method can also be used in conjunction with Scenario… … Wikipedia
Info-gap decision theory — is a non probabilistic decision theory that seeks to optimize robustness to failure – or opportuneness for windfall – under severe uncertainty,[1][2] in particular applying sensitivity analysis of the stability radius type[3] to perturbations in… … Wikipedia
