Looking for the answer to the question below related to Satisficing?
Satisficing is the tendency of ____.
A. people to view events as being more predictable than they really are
B. decision makers to be influenced by the way a situation or problem is presented to them
C. a group to settle on a decision that is “good enough”
D. people to see events based on what has happened in the past
E. group members to agree for the sake of unanimity and thus avoid accurately assessing the decision situation
The Correct Answer Is:
- C. a group to settle on a decision that is “good enough”
Satisficing refers to aiming for a satisfactory or adequate result rather than the ideal one. When facing a task, satisficing focuses on pragmatic effort rather than putting maximum effort into achieving the ideal result. Time, energy, and resources may be wasted if an optimal solution is sought.
In order to achieve your basic acceptable outcomes, you can adopt a minimalist approach to satisfy your needs. In order to achieve optimal results, satisfaction narrows the variety of options, excluding those that would require more intensive, complex, or unfeasible efforts.
Maximizing tendency means choosing the best option, while satisficing tendency means accepting a satisfactory or “fairly good” option. The subjective experience of satisficers is superior to that of maximizers, despite maximizers making objectively better decisions.