Satisfice Definition

satisfīs
satisficed, satisficing
verb
To select, accept, or provide a solution or outcome that is satisfactory rather than optimal.
Webster's New World

(obsolete) To satisfy.

Wiktionary

(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.

Wiktionary
Synonyms:
  • satisfise

Origin of Satisfice

  • 1560, Northern alteration of satisfy, probably influenced in form by Latin satisfacere.

    From Wiktionary

  • Blend of satisfy and suffice, coined in 1956 by Herbert Simon.

    From Wiktionary

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