What is satisficing decision making?

Example: You launch a new weekly review habit. The first month, you complete it five out of eight weeks. Your instinct says failure — you missed three weeks. But you never defined what success looks like. If you had set an error budget of two missed weeks per quarter, you would see that you are well within tolerance. Without the budget, every miss feels like a crisis. With the budget, you have a metric that separates signal from noise: you act only when accumulated misses cross the threshold you defined in advance.

This concept is part of Error Correction in the How to Think curriculum.