Juan Monsalve

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“Satisficing” was his idea (the melding together of satisfy and suffice): You stop when you get a near-satisfactory solution. Otherwise it may take you an eternity to reach the smallest conclusion or perform the smallest act. We are therefore rational, but in a limited way: “boundedly rational.” He believed that our brains were a large optimizing machine that had built-in rules to stop somewhere.
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1)
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