publication . Article . 2007

Maximizers versus satisficers: Decision-making styles, competence, and outcomes

Andrew Parker; Bruin, Wb; Fischhoff, B.;
Open Access
  • Published: 01 Jan 2007 Journal: Judgment and Decision Making, volume 2, issue December, pages 342-350
Abstract
Our previous research suggests that people reporting a stronger desire to maximize obtain worse life outcomes (Bruine de Bruin et al., 2007). Here, we examine whether this finding may be explained by the decision-making styles of self-reported maximizers. Expanding on Schwartz et al.\ (2002), we find that self-reported maximizers are more likely to show problematic decision-making styles, as evidenced by self-reports of less behavioral coping, greater dependence on others when making decisions, more avoidance of decision making, and greater tendency to experience regret. Contrary to predictions, self-reported maximizers were more likely to report spontaneous dec...
Subjects
free text keywords: maximizing, satisficing, decision making, competence, decision style.
Funded by
NSF| Integrating Risk Analysis and Risk Communication
Project
  • Funder: National Science Foundation (NSF)
  • Project Code: 0433152
  • Funding stream: Directorate for Social, Behavioral & Economic Sciences | Division of Social and Economic Sciences
,
NSF| Collaborative Research: Individual Differences in Decision-Making Competence
Project
  • Funder: National Science Foundation (NSF)
  • Project Code: 0213782
  • Funding stream: Directorate for Social, Behavioral & Economic Sciences | Division of Social and Economic Sciences
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publication . Article . 2007

Maximizers versus satisficers: Decision-making styles, competence, and outcomes

Andrew Parker; Bruin, Wb; Fischhoff, B.;