satisfice Definition
to choose or accept something that is not exactly what you want because it is good enough to meet a particular need or standard.
Using satisfice: Examples
Take a moment to familiarize yourself with how "satisfice" can be used in various situations through the following examples!
Example
I couldn't find the exact book I wanted, so I had to satisfice with a similar one.
Example
We had to satisfice with a smaller venue for the event due to budget constraints.
Example
The company decided to satisfice by releasing a product with fewer features than originally planned.
satisfice Synonyms and Antonyms
Phrases with satisfice
satisficing strategy
a decision-making strategy that involves choosing the first option that meets a certain threshold of acceptability, rather than seeking the optimal solution
Example
In order to save time, the team decided to use a satisficing strategy when selecting vendors for the project.
satisficing behavior
behavior that involves accepting a suboptimal outcome that meets a certain level of satisfaction, rather than continuing to search for a better outcome
Example
The company's satisficing behavior led them to miss out on potential opportunities for growth.
satisficing equilibrium
a state in which a system or process has reached an acceptable level of performance, but may not be operating at its maximum potential
Example
The team was able to achieve a satisficing equilibrium in their production process, but they knew there was still room for improvement.
Origins of satisfice
blend of satisfy and suffice
Summary: satisfice in Brief
The verb 'satisfice' [ˈsætɪsfaɪs] means to choose or accept something that is not exactly what you want, but is good enough to meet a particular need or standard. It is often used in situations where the optimal solution is not available or practical, as in 'We had to satisfice with a smaller venue for the event due to budget constraints.' 'Satisfice' can also refer to decision-making strategies, behaviors, and equilibria.
