The Hi-Fi Industry and Hobby

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Simon Hickie
Posts: 486
Joined: Mon Feb 27, 2017 1:47 pm
Location: East Staffordshire
Great Britain

Re: The Hi-Fi Industry and Hobby

Unread post by Simon Hickie » Wed May 03, 2017 10:01 pm

The word which describes most audio buying activities is 'satisficing'.

"1. General: Aiming to achieve only satisfactory results because the satisfactory position is familiar, hassle-free, and secure, whereas aiming for the best-achievable result would call for costs, effort, and incurring of risks.
2. Decision making: Examining alternatives until a practical (most obvious, attainable, and reasonable) solution with adequate level of acceptability is found, and stopping the search there instead of looking for the best-possible (optimum) solution.
3. Marketing: Concept that consumers are inclined more toward satisfactory decisions instead of the 'best' decisions due to lack of (1) information, (2) information processing ability, and (3) time to do all that for every purchase decision.

Read more: http://www.businessdictionary.com/defin ... icing.html"

In other words it's about minimum acceptable standards, sub-optimum solutions and inadequate information gathering and processing.
“The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” George Bernard Shaw.

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