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Satisficing, preferences, and social interaction: a new\ud perspective

By Wynn Stirling and Teppo Felin

Abstract

Satisficing is a central concept in both individual and social multiagent 2 decision making. In this paper we first extend the notion of satisficing by formally 3 modeling the tradeoff between costs (the need to conserve resources) and decision 4 failure. Second, we extend this notion of “neo”-satisficing into the context of social 5 or multiagent decision making and interaction, and model the social conditioning of 6 preferences in a satisficing framework

Publisher: Springer US
Year: 2016
DOI identifier: 10.1007/s11238-015-9531-y
OAI identifier: oai:eureka.sbs.ox.ac.uk:5868
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