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LOTERRE

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Concept information

Preferred term

satisficing  

Definition(s)

  • Satisficing takes place when an individual arrives at a decision that is good enough according to the information at hand. When a person satisfices, he or she is not necessarily arriving at the best decision but at one that is considered adequate for the achievement of the current goals. [Source: Encyclopedia of Business Ethics and Society; Satisficing]

Narrower concept(s)

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-Z7Q95D45-B

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