Definition from Wiktionary, the free dictionary
- (social sciences, of human behavior, intransitive) 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.
1956, Simon, H. A., “Rational choice and the structure of the environment”, Psychological Review, volume 63 No. 2, page 129:
- Evidently, organisms adapt well enough to ‘satisfice’; they do not, in general, ‘optimize’.
- “satisfice” in Dictionary.com Unabridged, v1.0.1, Lexico Publishing Group, 2006.
- "satisfice" at The Phrontistery - A Dictionary of Obscure Words.
- Oxford English Dictionary, 2nd ed., 1989.