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Discuss How the Concepts of Satisficing, Maximizing, and Optimizing Are

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Essay

Discuss how the concepts of satisficing, maximizing, and optimizing are used in making a decision.


Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Actualization Tendency

The intrinsic growth drive that propels an individual toward realization of their potentials, self-fulfillment, and personal development.

Psychological Growth

The process of developing greater insight, understanding, and psychological capabilities leading to overall personal and emotional development.

Maturation

The process of development in which an individual matures or reaches full biological and psychological potential.

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