Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met. This is contrasted with optimal decision making, an approach that specifically attempts to find the best alternative available. The term satisficing, a portmanteau of satisfy and suffice, was introduced by Herbert A. Simon in 1956, although the concept "was first posited in Administrative Behavior, published in 1947." Simon used satisficing to explain the behavior of decision makers under circumstances in which an optimal solutio...