Saturday, 19 May 2007
Word of the day
Today's word is satisficing. When Dana used it in a meeting, no-one could work out how we had done without it so far. It means close enough is good enough, a fundamental principle in understanding undergraduate information seeking. However, it is much easier to use satisficing as a verb than the notional alternatives, such as the cumbersome runtogether closeenoughisgoodenoughing, or the equally incomprehensible initialism, CEIGEing. The Wikipedia, as always, provides more detail than any of us needs, and defines satisficing as "a behavior which attempts to achieve at least some minimum level of a particular variable, but which does not necessarily maximize its value." We owe the term to economists.