Question: https://www.youtube.com/watch?v=9X68dm92HVI Text: (When satisficing, a decision maker selects the first acceptable solution without engaging in additional effort to identify the best solution. We all engage

https://www.youtube.com/watch?v=9X68dm92HVI

Text: (When satisficing, a decision maker selects the first acceptable solution without engaging in additional effort to identify the best solution. We all engage in satisficing every day. For example, suppose you are shopping for groceries and you dont want to overspend. If you have plenty of time, you might compare prices and figure out the price by weight (or volume) to ensure that every item you select is the cheapest option. But if you are in a hurry, you might just select generic products, knowing that they are cheap enough. This allows you to finish the task quickly at a reasonably low cost.)

1. How does Dr. Arielys talk relate to the idea of Satisficing as talked about in the text? Please be specific.

I need help understanding how Satisficing is related to what Dan Ariely talks about.

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