Maximize vs Satisfice

bonzo75

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Feb 26, 2014
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Just read that: "What type of decision-maker are you? Do you examine all the options exhaustively, hoping to find the absolutely best alternative? Do you carefully compare the pros and cons of a wide range of options before making a decision? Or, do you search until you find an option that is satisfactory, and then choose that one even if it is not perfect or completely optimal? Nobel winner Herbert Simon described these two patterns of decision-making decades ago. He called them "maximizing" vs. "satisficing" behaviors. "

Not sure if audiophiles were part of this study, because someone can get a Nobel on this topic by doing research from simply visiting our forums

http://online.wsj.com/articles/how-...appy-you-are-1412614997?tesla=y&mg=reno64-wsj
 

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