One of the Reasons People Use Satisficing Rather Than Maximization

question 61

True/False

One of the reasons people use satisficing rather than maximization when making decisions is that it takes more information processing capacity than people possess or are willing to use to choose the best alternative.

---

Definitions:

Propositions

Statements or assertions that express a judgement or opinion.

Premises

Statements or assertions in an argument that serve as the foundation or reasoning towards the conclusion.

Minus Sign

A mathematical symbol (-) indicating subtraction or the negative value of a number.

Diagram

A diagram is a simplified drawing or visual representation of a concept, object, process, or system, designed to explain how it works or to elucidate relationships between parts.