Definition of satisfice in English:

satisfice

verb

[NO OBJECT]formal
  • Decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal.

    • ‘As Simon pointed out, we usually ‘satisfice’ instead of optimizing difficult problems due to limited time and insight, settling for a solution that is good enough.’
    • ‘When you satisfice, you don't let an impossible quest for the perfect destroy your enjoyment of the good.’
    fulfil, gratify, meet, fill, serve, provide for, supply
    View synonyms

Origin

Mid 16th century (in the sense ‘satisfy’): alteration of satisfy, influenced by Latin satisfacere. The formal use dates from the 1950s.

Pronunciation

satisfice

/ˈsatɪsfʌɪs/