"Satisficing" has been in Wikipedia since 2002: http://en.wikipedia.org/wiki/Satisficing and it's in /usr/share/dict/words & the wordnet dictionary. The OE

"Satisficing" has been in Wikipedia since 2002: http://en.wikipedia.org/wiki/Satisficing and it's in /usr/share/dict/words & the wordnet dictionary. The OED dates the earliest use in the sense you use to 1957: "1956 H. Simon in Psychol. Rev. LXIII. 129/2 Evidently, organisms adapt well enough to ‘satisfice’; they do not, in general, ‘optimize’." So it is a word :)