Seeking or achieving a satisfactory outcome, rather than the best possible. Contrasts with the optimizing behavior usually assumed in economics and trade theory. Alternative models based on satisficing are spreading within economics, but not yet much in international.

Use satisficing in a sentence

You need to always be trying to make sure you are satisficing every angle that has been put in front of you.

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The team was engaging in satisficing in an attempt to quickly obtain a good outcome without expending too many resources for a perfect outcome.

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Putting the French man in the last capsule and jettisoning him into the lava was the result of satisficing, as there wasn't time to find a more optimal solution.

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satisfaction of mortgage saturation