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Maxificing: life on a budget; or, if you would maximize, then satisfice!

In Michael Byron (ed.), Satisficing and Maximizing: Moral Theorists on Practical Reason. Cambridge University Press. pp. 59--70 (2004)

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  1. Moral Satisficing: Rethinking Moral Behavior as Bounded Rationality.Gerd Gigerenzer - 2010 - Topics in Cognitive Science 2 (3):528-554.
    What is the nature of moral behavior? According to the study of bounded rationality, it results not from character traits or rational deliberation alone, but from the interplay between mind and environment. In this view, moral behavior is based on pragmatic social heuristics rather than moral rules or maximization principles. These social heuristics are not good or bad per se, but solely in relation to the environments in which they are used. This has methodological implications for the study of morality: (...)
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  • How to Think About Satisficing.Chris Tucker - 2017 - Philosophical Studies 174 (6):1365-1384.
    An agent submaximizes with motivation when she aims at the best but chooses a less good option because of a countervailing consideration. An agent satisfices when she rejects the better for the good enough, and does so because the mere good enough gets her what she really wants. Motivated submaximization and satisficing, so construed, are different ways of choosing a suboptimal option, but this difference is easily missed. Putative proponents of satisficing tend to argue only that motivated submaximization can be (...)
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  • New Tools for Theory Choice and Theory Diagosis.John R. Welch - 2013 - Studies in History and Philosophy of Science Part A 44 (3):318-329.
    Theory choice can be approached in at least four ways. One of these calls for the application of decision theory, and this article endorses this approach. But applying standard forms of decision theory imposes an overly demanding standard of numeric information, supposedly satisfied by point-valued utility and probability functions. To ameliorate this difficulty, a version of decision theory that requires merely comparative utilities and plausibilities is proposed. After a brief summary of this alternative, the article illustrates how comparative decision theory (...)
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  • New Tools for Theory Choice and Theory Diagnosis.John R. Welch - 2013 - Studies in History and Philosophy of Science Part A 44 (3):318-329.
    Theory choice can be approached in at least four ways. One of these calls for the application of decision theory, and this article endorses this approach. But applying standard forms of decision theory imposes an overly demanding standard of numeric information, supposedly satisfied by point-valued utility and probability functions. To ameliorate this difficulty, a version of decision theory that requires merely comparative utilities and plausibilities is proposed. After a brief summary of this alternative, the article illustrates how comparative decision theory (...)
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