We explore Herbert A. Simon’s idea of bounded rationality and the art of satisficing—the practice of choosing the first option that meets your criteria rather than chasing the optimal solution. Learn how aspiration thresholds, stopping rules, and simple heuristics save mental energy in a complex world, and why good‑enough decisions can outperform relentless optimization in business and everyday life.

Note:  This podcast was AI-generated, and sometimes AI can make mistakes.  Please double-check any critical information.

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