Satisficing and Maximizing(ISBN=9780521010054)
How do we think about what we plan to do? One dominant answeris that we select the best possible option available. However, agrowing number of philosophers would offer a different answer:since we are not equipped to maximize we often choose the next bestalternative, one that is no more than satisfactory. This strategychoice is called satisficing (a term coined by the economist HerbSimon). This collection of essays explores both these accounts ofpractical reason, examining the consequences for adopting one orthe other for moral theory in general and the theory of practicalrationality in particular. It aims to address a constituency largerthan contemporary moral philosophers and bring these questions tothe attention of those interested in the applications of decisiontheory in economics, psychology and political science. ? Explores two competing views of practical rationality ?Inter-disciplinary appeal to economics, psychology and politicalscience
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