Satisficing
Definition
Satisficing accepts a sufficiently good solution instead of searching for the optimum.
A decision strategy that accepts the first solution meeting specified minimum requirements instead of searching for a global optimum.
Simply explained
As soon as an option meets all specified minimum requirements, it is chosen.
Why it matters in practice
The term helps to select, develop, evaluate AI systems in a well-founded manner and realistically assess their technical risks.
Example from business
A procurement selects the first machine that meets price, performance, and delivery criteria.
Limits and pitfalls
- Setting minimum criteria arbitrarily or portraying satisficing as careless optimization.
Origin & history
Herbert Simon coined satisficing in 1956 in the context of bounded rationality.
Use in mid-sized companies
- Possible example: A procurement selects the first machine that meets price, performance, and delivery criteria.
Frequently asked questions
What does searching for a sufficiently good solution (Satisficing) mean?
A decision strategy that accepts the first solution meeting specified minimum requirements instead of searching for a global optimum. What mistakes should be avoided? Setting minimum criteria arbitrarily or portraying satisficing as careless optimization.
Sources
Source checked on 10.10.2026. Editorial application examples are hypothetical; no evidence of real customer results.
Editorially reviewed on: