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Optimize or satisfice?

Are you the kind of person who is constantly looking for the optimal solution to things? Whether it’s about what to eat or where to live? Chances are you are less happy than those who are “satisficying”. To satisfice doesn’t mean always choosing the not-so-good thing. There can be certain criteria to be met for that too. Satisficers have time to enjoy themselves whereas optimizers are just never, or at least not very often, content.

See this post: http://rationallyspeaking.blogspot.com/2006/07/happiness-data.html

I’m thinking was thinking about this in a business perspective. Too much optimization and you’ll just never get anything done. Others will outrun you big time. Satisficers on the other hand should be able to do a good job. They are moving fast and finding solutions that are good enough. But if attention to detail is important to what they do, then they might not be that well off.

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This entry was posted on Friday, January 30th, 2009 at 9:46 am and is filed under business, psychology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Optimize or satisfice?”

  1. January 30th, 2009 at 11:37 pm

    Martin Frönmark says:

    One of Bob Parsons’s 16 rules for Business and Life in General is:
    8. Be quick to decide.
    Remember what General George S. Patton said: “A good plan violently executed today is far and away better than a perfect plan tomorrow.”
    Sounds like satisficing to me! :-)

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