wallowinmaya comments on In Praise of Maximizing – With Some Caveats - Less Wrong
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I see no mention of costs in these definitions.
Let's try a basic and, dare I say it, rational way of trying to achieve some outcome: you look for a better alternative until your estimate of costs for further search exceeds your estimate of the gains you would get from finding a superior option.
That's not satisficing because I don't take the first option alternative that is good enough. That's also not maximizing as I am not committed to searching for the global optimum.
Agree. Thus in footnote 3 I wrote:
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