Simon's Notion of Satisficing

Simon's notion of satisficing refers to the decision-making process where individuals seek a solution that meets their acceptable criteria rather than striving for the optimal or perfect choice. In practical terms, when faced with complex choices, people often settle for the first option that sufficiently satisfies their needs instead of exhaustively searching for the best one. This approach acknowledges the limitations of human information processing and time constraints, allowing for more efficient and realistic decision-making in everyday life. Satisficing recognizes that in many situations, "good enough" is preferable to perfection.