in: Oxford Research Encyclopedia of Politics
The idea of satisficing as a decision rule began with Herbert Simon. Simon was dissatisfied with the increasingly dominant notion of individuals as rational decision-makers who choose alternatives that maximize expected utility on two grounds. First, he viewed the maximizing account of decision-making as unrealistic given that individuals have cognitive limitations and varying motivations that limit cognitive ability and effort. Second, he argued that individuals do not even choose alternatives as if they are maximizing (i.e., that the maximizing account has predictive validity). Instead, he offered a theory of individuals as satisficers: decision-makers who consider a limited number of alternatives, expending limited cognitive effort, until they find one that is "good enough." At this point, he argued, the consideration of alternatives stops.The satisficing decision rule has influenced several subfields of political science. They include elite decision-making on military conflicts, the economy, and public policy; ideas of what the mass public needs to know about politics and the extent to which deficits in political knowledge are consequential; and understanding of survey responses and survey design. Political and social psychologists have also taken Simon's idea and argued that satisficing rather than maximizing is a personality trait—stable characteristics of individuals that make them predisposed toward one or other type of alternative search when making decisions. Research in these subfields additionally raises normative questions about the extent to which satisficing is not only a common way of making decisions but a desirable one. Satisficing seems superior to maximizing in several respects. For example, it has positive effects on aspects of decision-makers' well-being and is more likely to result in individuals voting their interests in elections.There are, however, a number of directions in which future research on satisficing could be taken forward. These include a fuller incorporation of the interaction of affect and cognition, clearer tests of alternative explanations to satisficing, and more focus and understanding on the effects of the Internet and the "information age."