Wednesday, November 18, 2009

Are you a "Satisficer"?

Are you misliving your life by being a satisficer? Taking the easy way out of things. Doing the bare minimum?
Satisficing - A solution to a problem is a satisficing solution if it works, barely works, but there is no particular reason to think it either the best solution, or the one that maximizes expected utility (because you can't be botherd or don't have the gumption to do something that may be slightly more demanding. Satisficing strategies put up with what does the job (barely does the job), without expending effort on searching for possibly better solutions.


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