Examlex
Television networks cannot require their affiliates to carry all of the network's programs.
Satisficing
A decision-making strategy that aims for a satisfactory or adequate outcome, rather than the optimal solution, especially under conditions of uncertainty or limited resources.
Perfectly Rational
A theoretical concept in which an individual is assumed to make decisions that maximize their utility based on complete information.
Satisfice
A decision-making strategy that involves choosing an option that meets a minimum threshold of acceptability rather than the optimal solution.
Satisficing
A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, due to limitations in time, information, or resources.
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