Satisficing and Maximizing Moral Theorists on Practical Reason

Satisficing and Maximizing Moral Theorists on Practical Reason by Michael Byron, published by Cambridge University Press on July 19, 2004, is a scholarly exploration of decision-making strategies in moral philosophy. This edition, comprising 245 pages, delves into the contrasting approaches of maximizing and satisficing, the latter being a concept introduced by economist Herb Simon. The book examines how individuals consider their options when planning actions, highlighting the philosophical implications of choosing satisfactory alternatives over optimal ones.
Readers will find a collection of essays that critically engage with the concepts of practical reason, ethics, and game theory. The discussions reflect on the limitations of human decision-making and the philosophical movements surrounding these ideas. By addressing both maximizing and satisficing strategies, this work contributes to the ongoing dialogue in ethics and moral philosophy, making it a relevant resource for those interested in the intersection of logic and practical reasoning.
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How do we think about what we plan to do? One dominant answer is that we select the best possible option available. However, a growing number of philosophers would offer a different answer: since we are not equipped to maximize we often choose the next best alternative, one that is no more than satisfactory. This strategy choice is called satisficing (a term coined by the economist Herb Simon).This new collection of essays explores both these accounts of practical reason.
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