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satisficing decision-making herbert-simon

Satisficing vs. Optimizing: Why Perfect Decisions Don't Exist

Herbert Simon's satisficing principle explains why good enough beats perfect in complex, uncertain environments.

M. Linden

· April 2, 2026 · 4 min read

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decision-making risk-analysis cognitive-bias uncertainty complexity cognitive biases probability expertise sensemaking systems thinking antifragility black-swan

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