”In the 1950s, the economist and political scientist [[Herbert Simon]] coined the term ‘[[satisficing]]’, combining as it does the words ‘satisfy’ and ‘suffice’. It is often used in contrast with the word ‘maximising’, which is an approach to problem-solving where you obtain, or pretend to obtain, a single optimally right answer to a particular question.” --- **Tags** -- [[quotes]], [[satisficing]] , [[making-decisions]] **Source** -- [[202407221554 - B - Alchemy]]