Tag: Satisfice Satisficing
Satisfice: Satisficing is a decision-making strategy in which the circle explores available alternatives for an acceptable solution—one that is satisfying and suffices. As a combination of “satisfy” and “suffice” the word also combines their meanings. Sociocratic decision-making, in most instances, searches for satisficing solutions that can be improved after testing.
There is a conversation on the firstname.lastname@example.org list about the meaning of the word bezwaar, the Dutch word that has been translated as objection. The question is whether objection is a good translation and how other translations might affect understanding objections and consent. The translations into other languages and those in different Dutch/English dictionaries suggest something other than objection. In English, objection means no, “This decision can’t go forward.” In other languages it has… Read More . . . “Understanding Objections & Beheaviments” Satisfice (a portmanteau of satisfy and suffice) is a decision-making strategy that attempts to meet criteria for adequacy and not to find an ideal solution.
The word satisfice was created by Herbert Simon in 1947. He pointed out that human beings lack the cognitive resources to maximize: we usually do not know the relevant probabilities of outcomes, we can rarely test all outcomes with sufficient precision, and our memories are weak and unreliable. A more… Read More . . . “Satisfice: Satisfying & Sufficient”