Principlev1PR-775
Use pre-set criteria to convert maximizing behaviors…
Use pre-set criteria to convert maximizing behaviors into satisficing behaviors for recurring decisions, eliminating the psychological cost of exhaustive search without sacrificing decision quality.
Why This Is a Principle
Derives from bounded rationality (Human beings make decisions under conditions of incomplete…) and System 1/2 distinction (Cognition Operates Through Dual Processing Systems). The principle prescribes decision strategy: satisfice recurring decisions via pre-set thresholds. It's actionable (set criteria once, apply repeatedly), general (works across decision domains), and grounds to Simon's satisficing research and Schwartz's maximizer-satisficer findings.