Maximizers versus satisficers: Decision-making styles, competence, and outcomes
By Andrew M. Parker, W. Bruine de Bruin, Baruch Fischhoff. Judgment and Decision Making, 2007
277 citations recorded by the source corpus.
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 decision making. However, the relationship between self-reported maximizing and worse life outcomes is largely unaffected by controls for measures of other decision-making styles, decision-making competence, and demographic variables.
Subfields: Applied Psychology, General Decision Sciences
View Paper: https://www.semanticscholar.org/paper/9fffec27a9e3e84e798f54a27ab014f4809aa8e5
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Applied Psychology
In General Decision Sciences
- Hye Bin Rim
- Brandon M. Turner
- Michel J. J. Handgraaf
- Elke U. Weber
- Thomas E. Nygren
- N. Betz
- Kirstin C Appelt
- Kerry F. Milch
Citations in the corpus
- The Decision Making Individual Differences Inventory and guidelines for the study of individual differences in judgment and decision-making research (2011, background): “Relatively new to the scene, decision competence measures are promising individual difference measures for JDM because of their ability to predict real-world decision performance (e.g., Bruine de Bruin et al., 2007; Parker et al., 2007).”
- The Maximization Inventory (2012, background): “Based on the findings of Parker et al. (2007) and Rim et al. (2011), we postulated that maximizers (i.e., participants with higher scores on decision difficulty and alternative search) would score highly on maladaptive decision making styles, whereas satificers (i.e., participants scoring highly on…”