Economics A-Level
Satisficing behaviour
What Satisficing behaviour means in Economics A-Level, as defined for AQA.
Definition of Satisficing behaviour
Check what you remember
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Reference: AQA
Choosing a satisfactory rather than optimal option, which is the outcome of bounded rationality rather than strict utility maximisation.
Topics that use Satisficing behaviour
- Aspects of behavioural economic theory (AQA A-Level)
Related terms
- Anchoring
- Availability bias
- Behavioural economics
- Bounded rationality
- Bounded self-control
- Consumer behaviour
- Equity and fairness
- Utility maximisation
Using Satisficing behaviour in the exam
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