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 (...) appropriate while critics of satisficing tend to criticize satisficing, as I construe it. The existing literature, then, leaves satisficing in a very bad state: there are no good arguments for it and there are three unanswered objections to it. This paper clarifies the distinction between motivated submaximization and satisficing and refutes the three most prominent objections to the claim that satisficing can be appropriate. (shrink)

There have been different interpretations of satisficing rationality. A common view is that it is sometimes rationally permitted to choose an option one judges is good enough even when one does not know that it is the best option. But there is available a more radical view of satisficing. On this view, it is rationally permitted to choose an option one judges is good enough even when a better option is known to be available. In this paper I distinguish between (...) two possible interpretations of ‘genuine’ satisficing, a de re and a de dicto interpretation. I then argue that while de re genuine satisficing is always irrational, de dicto genuine satisficing might be rationally permissible. In fact, de dicto genuine satisficing does not appear to be covered by existing accounts of satisficing behaviour. (shrink)