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Satisficing is a decision-making process in which an individual makes a choice that is satisfactory rather than optimal.2It would require a great deal of effort – and may not even be possible – to gather all the necessary information in order tomake the best decision, and satisficing thus represents the kinds of decisions we are actually capable of making. Satisficing is all about making ‘good enough’ decisions instead of perfect ones.
The Pradhan Mantri Janjatiya Unnat Gram Abhiyan aims at holistic development of tribal areas. Which of the following is NOT a focus area of the mission?
Who among the following was included in TIME's 100 most influential people of 2024?
Which new benchmark has the RBI introduced to replace MIBOR?
By what percentage has India's gross direct tax collection increased as of October 2023?
What is the Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks (SCBs) in September 2023, according to the FSR?
Which one of the following lakes completely lies in the USA?
Which of the following bank has tied up with Mahindra & Mahindra to offer loans for tractors and farm machinery?
What is the main objective of KYC guidelines followed by Banks?
I- It helps prevent banks from using criminal networks.
II- KYC helps the ...
What was the 2025 theme of World Telecommunication Day observed on May 17?
What is the significance of the recently launched warship 'Triput' constructed by Goa Shipyard Limited (GSL) for the Indian Navy?