SATISFICE

To act in such a way as to satisfy the minimum requirements for achieving a particular result. To decide on and pursue a course of action satisfying the minimum requirements to achieve a goal, even though another course of action would be more advantageous in the abstract.

SATISFICE: "Satisfice was first defined by U.S. social scientist Herbert Simon (1916-2001)."
Cite this page: Nugent, Pam M.S., "SATISFICE," in PsychologyDictionary.org, April 28, 2013, https://psychologydictionary.org/satisfice/ (accessed February 19, 2018).
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