Satisficing as an alternative to optimality and suboptimality in perceptual decision making
Antonio Mastrogiorgio1, Enrico Petracca2
1Department of Neurosciences, Imaging and Clinical Sciences & CeSI-MeT,University of Chieti-Pescara,66100 Chieti Scalo (CH),Italy.mastrogiorgio.antonio@gmail.com.
Abstract:
Rahnev & Denison's (R&D) critique of optimality in perceptual decision making leads either to implicitly retaining optimality as a normative benchmark or disregarding the normative approach altogether. We suggest that "bounded rationality," and particularly the "satisficing" criterion, would help dispense with optimality while salvaging normativity. We also suggest that satisficing would provide a parsimonious and robust explanation for perceptual behavior.
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