A "satisficer" is a person whose decision making is the same as that predicted by mainstream economic models.

Name: A "satisficer" is a person whose decision making is the same as that predicted by mainstream economic models.
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Question

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Mainstream economic models often assume that individuals are "maximizers" who seek the best possible outcome, whereas a "satisficer" settles for a solution that is "good enough," reflecting a different approach to decision-making.

A "Satisficer" Is a Person Whose Decision Making Is the Same