satisfice: Word of the day for February 25, 2016
satisfice , v :
(social sciences, intransitive) Of human behavior: to make a choice that suffices to fulfill the minimum requirements to achieve an objective, without special regard for utility maximization or optimization of one's preferences.
(social sciences, intransitive) Of human behavior: to make a choice that suffices to fulfill the minimum requirements to achieve an objective, without special regard for utility maximization or optimization of one's preferences.
