Usually means: Choosing an adequate, not optimal, solution.
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We found 14 dictionaries that define the word satisfice:

General (13 matching dictionaries)
  1. satisfice: Merriam-Webster.com
  2. satisfice: Oxford Learner's Dictionaries
  3. satisfice: Collins English Dictionary
  4. satisfice: Vocabulary.com
  5. satisfice: Wiktionary
  6. satisfice: Webster's New World College Dictionary, 4th Ed.
  7. satisfice: Dictionary.com
  8. Satisfice: Wikipedia, the Free Encyclopedia
  9. satisfice: Rhymezone
  10. satisfice: Free Dictionary
  11. satisfice: The Phrontistery - A Dictionary of Obscure Words
  12. satisfice: Mnemonic Dictionary
  13. satisfice: Dictionary/thesaurus

Slang (1 matching dictionary)
  1. satisfice: Urban Dictionary

(Note: See satisfices as well.)

Definitions from Wiktionary (satisfice)

verb:  (obsolete, transitive) To satisfy.
verb:  (sociology, intransitive) Of human behavior: to make a choice that suffices to fulfill the minimum requirements to achieve an objective, without special regard for utility maximization or optimization of one's preferences.

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