“Good enough” decisions reduce mental overload. Satisficing helps stop overthinking by shifting the focus from finding the ...

The pressure to continually optimize and excel can be relentless these days. We strive daily to make the best decisions, deliver the best work, and accomplish ever-increasing targets. However, what if ...

A few weeks ago, just in time for my January rebirth, my friend tweeted out a link to a site she and her business school friends all read. They seem like they’re on the road to success; since I too ...

Have you ever felt crushed by the endless need to make the “perfect” choice? You're not alone. Decision-making can be exhausting, especially when every option feels overwhelming. That’s where the ...

Satisficing is the way most decisions get made. It is the practice of making a decision by choosing the first available option that works, rather than trying to identify the optimal or best option.

You’re awesome at your job. You know it, feedback from colleagues and clients has affirmed it, and you consistently deliver results that are above and beyond what’s been asked of you. You repeat this ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Khadija Khartit is a strategy, investment, ...

Elementary economics tells us that a good decision is to maximize utility. Utility refers to how desirable a task or choice is for an individual. Maximizers are people who strive to get the very best ...

Goh, Joel, and Nicholas G. Hall. "Total Cost Control in Project Management via Satisficing." Management Science 59, no. 6 (June 2013): 1354–1372.

Increasingly colleges and universities use survey results to make decisions, inform research, and shape public opinion. Given the large number of surveys distributed on campuses, can researchers ...