Satisficing is a decision-making strategy that selects the first alternative meeting a defined set of minimum criteria, rather than exhaustively searching for the single optimal solution. Coined by Nobel laureate Herbert A. Simon, it addresses bounded rationality by acknowledging real-world constraints like limited information, time, and computational resources. In agentic cognitive architectures, satisficing enables autonomous systems to make timely, pragmatic decisions without prohibitive computational cost, balancing the exploration-exploitation tradeoff. It is a core heuristic for efficient action selection in complex environments.
