Right, the satisficer will not have an incentive to increase its expected utility by becoming a maximizer when its expected utility (by remaining a satisficer) is already over the threshold. But surely this condition would fail frequently.
If it isn’t over the threshold, it could just keep making the same decisions a maximizer would.
Right, the satisficer will not have an incentive to increase its expected utility by becoming a maximizer when its expected utility (by remaining a satisficer) is already over the threshold. But surely this condition would fail frequently.
If it isn’t over the threshold, it could just keep making the same decisions a maximizer would.