satisfice
/ˈsætɪsfaɪs/ verb
Forms satisfices satisficing satisficed
- verb (obsolete, transitive) To satisfy.
- verb (sociology, intransitive) Of human behavior: 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.
Synonyms
Etymology
1560, Northern alteration of satisfy, probably influenced in form by Latin satisfacere.
Blend of satisfy + suffice, coined by American political scientist and psychologist Herbert A. Simon in 1956.
Sources: Wiktionary · WordNet 3.0 — from the Wiktionary entry “satisfice”, CC BY-SA 4.0. Details