Satisficing and Optimality*

  title={Satisficing and Optimality*},
  author={Michael Byron},
  pages={67 - 93}
Distinguant une conception optimisante et une conception satisfaisante de la rationalite pratique instrumentale, la premiere exigeant les meilleurs moyens en vue d'une fin, la seconde revendiquant les moyens satisfaisants en vue de cette fin, l'A. defend l'idee selon laquelle les theories instrumentalistes de la rationalite sont incompatibles avec la conception satisfaisante de la raison. Examinant la theorie de la decision, ainsi que la notion de preference, l'A. montre que les theories… Expand
Satisficing and Maximizing: Moral Theorists on Practical Reason
Introduction Michael Byron 1. Two views of satisficing Michael Slote 2. Satisficing as a humanly rational strategy David Schmidtz 3. Maxificing: life on a budget or, if you would maximize, thenExpand
Is Genuine Satisficing Rational?
There have been different interpretations of satisficing rationality. A common view is that it is sometimes rationally permitted to choose an option one judges is good enough even when one does notExpand
Satisficing, Optimization, and Adaptive Systems
Satisficing describes a rational decision making process in economics where deciding agents accept solutions that achieve a minimum level of satisfaction, which differs from previously traditional rational decision- making in which the agent seeks to maximise or optimize utility from the choices faced. Expand
How to think about satisficing
An agent submaximizes with motivation when she aims at the best but chooses a less good option because of a countervailing consideration. An agent (radically) satisfices when she rejects the betterExpand
Comparative Decision Theory
To prepare this work’s subsequent discussions of morally instrumental and morally teleological discourse, Chap. 3 addresses the issue of theory choice. It surveys four views of how to choose aExpand
Trend Herbert Simon ’ s Silent Revolution
Werner Callebaut Faculty of Sciences, Hasselt University, Belgium & Konrad Lorenz Institute for Evolution and Cognition Research Altenberg, Austria Abstract Simon’s boundedExpand
Practical reasoning in argumentative polylogues
In this paper I investigate the relationship between the argument scheme of practical reasoning and multi-party argumentation defined here as an argumentative polylogue . I first focus on the causalExpand
Herbert Simon’s Silent Revolution
Simon’s bounded rationality (BR), the first scientific research program (as opposed to a purely philosophical one) to seriously take the cognitive limitations of decision makers into account, hasExpand
Suppose you have an infinite past. If you had banked the spare dollar you have always had, then the interest would have made you rich by now. Your procrastination is inexcusable. But what should youExpand
New tools for theory choice and theory diagnosis
Abstract Theory choice can be approached in at least four ways. One of these calls for the application of decision theory, and this article endorses this approach. But applying standard forms ofExpand


An outline of a system of utilitarian ethics
Introductory Such writers as J. S. Mill, H. Sidgwick and G. E. Moore, as a result of philosophical reflection, produced systems of normative ethics. Of recent years normative ethics has becomeExpand
A Behavioral Model of Rational Choice
Introduction, 99. — I. Some general features of rational choice, 100.— II. The essential simplifications, 103. — III. Existence and uniqueness of solutions, 111. — IV. Further comments on dynamics,Expand