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  2. Satisficing - Wikipedia

    en.wikipedia.org/wiki/Satisficing

    The distinction between satisficing and maximizing not only differs in the decision-making process, but also in the post-decision evaluation. Maximizers tend to use a more exhaustive approach to their decision-making process: they seek and evaluate more options than satisficers do to achieve greater satisfaction.

  3. Maximization (psychology) - Wikipedia

    en.wikipedia.org/wiki/Maximization_(psychology)

    The distinction between "maximizing" and "satisficing" was first made by Herbert A. Simon in 1956. [1] [2] Simon noted that although fields like economics posited maximization or "optimizing" as the rational method of making decisions, humans often lack the cognitive resources or the environmental affordances to maximize.

  4. Decision-making - Wikipedia

    en.wikipedia.org/wiki/Decision-making

    Satisficing: examining alternatives only until the first acceptable one is found. The opposite is maximizing or optimizing, in which many or all alternatives are examined in order to find the best option. Acquiesce to a person in authority or an "expert"; "just following orders".

  5. The Paradox of Choice - Wikipedia

    en.wikipedia.org/wiki/The_Paradox_of_Choice

    The alternative to maximizing is to be a satisficer. A satisficer has criteria and standards, but a satisficer is not worried about the possibility that there might be something better. Ultimately, Schwartz agrees with Simon's conclusion, that satisficing is, in fact, the maximizing strategy. [3]

  6. Heuristic (psychology) - Wikipedia

    en.wikipedia.org/wiki/Heuristic_(psychology)

    For instance, professional real-estate entrepreneurs rely on satisficing to decide in which location to invest to develop new commercial areas: "If I believe I can get at least x return within y years, then I take the option." [20] In general, satisficing is defined as: Step 1: Set an aspiration level α

  7. High-yield savings accounts vs. CDs: Which is best for ... - AOL

    www.aol.com/finance/high-yield-savings-account...

    High-yield savings account vs. CD (dontree_m via Getty Images) Savings rates continue to decline following the Federal Reserve's third rate cut of 2024 on December 18.

  8. High-yield savings rates for January 17, 2025 - AOL

    www.aol.com/finance/savings-interest-rates-today...

    Simple interest vs. compound interest Simple interest refers to the interest you earn on your principal balance only. Let's say you invest $10,000 into an account that pays 3% in simple interest.

  9. Ready for the Super Bowl? These Tailgate Foods Will Win With ...

    www.aol.com/heading-super-bowl-tailgate-foods...

    Easy Queso Dip. Queso is a sporting event staple! The dip can be made on the stovetop or in the Crock-Pot. Either way, meltable white American cheese and flavorful additions like garlic ...