Is Satisficing Absorbable?An Experimental Study

We experimentally investigate whether the satisficing approach isabsorbable, i.e., whether it still applies after participants become awareof it. In a setting where an investor decides between a riskless bondand either one or two risky assets, we familiarize participants with thesatisficing calculus applied to specific portfolio selection tasks. Afterexperiencing this calculus repeatedly, participants are free to use it orto select their portfolio freely. The results support, to some extent, theabsorbability of the satisficing approach.