satisficing
/ˌsætɪsˈfaɪsɪŋ/
accepting a good-enough option rather than seeking the optimal one
satisficing in a sentence
“Satisficing saves time when optimization costs exceed benefits.”
Origin of satisficing
Portmanteau of satisfy + suffice; from Herbert Simon
Related Words
transitivity
if A relates to B and B relates to C, then A relates to C
deduction
reasoning from general premises to a logically certain conclusion
induction
inferring general principles from specific observations
abduction
inferring the best explanation for observed evidence
analogical reasoning
drawing conclusions based on similarities between cases
counterfactual
considering what would happen if something were different