A satisficing decision maker ________.
A) looks for complete information
B) seeks solutions that are satisfactory and sufficient
C) identifies all the relevant options to solutions
D) analyzes all the possible options in an unbiased manner
E) chooses the optimal solution

Question

Quizplus · Accepted Answer

A satisficing decision maker looks for solutions that are satisfactory and sufficient rather than aiming for the optimal solution. They make decisions based on the available information and options within a reasonable amount of time and effort. They prioritize finding a feasible solution rather than the best possible one. Therefore, option B accurately defines a satisficing decision maker.

A Satisficing Decision Maker ________