Simon's satisficing concept

Simon's satisficing concept suggests that when making decisions, individuals often look for a solution that meets their basic requirements rather than the absolute best outcome. Instead of exhaustively searching for all possible options, people settle for "good enough" choices that satisfy their needs, especially when faced with limited time or resources. This approach acknowledges the limitations of human rationality and aims for practicality in decision-making, often leading to satisfactory outcomes without the stress of finding perfection.