Word of a day: Satisfice

I was going to write a long screed in defense of the idea of satisficing, but this is probably enough to make my point.

Satisficing

Satisfice is a portmanteau of satisfy and suffice, and I'm almost always satisfied with a good portmanteau. By contrast, a maximizer would be satisfied only with the best possible portmanteau. To satisfice is to be satisfied that a less than fully optimal solution that is in fact sufficient. Often, I think, this is because the satisficer has deemed the search costs of even determining what's totally optimal to be too high.

 

 

No Comments Yet.

Leave a comment