Investigating intuitive and deliberate processes statistically: The multiple-measure maximum likelihood strategy classification method

By A. Glöckner. Judgment and Decision Making, 2009

83 citations recorded by the source corpus.

One of the core challenges of decision research is to identify individuals’ decision strategies without influencing decision behavior by the method used. Bröder and Schiffer (2003) suggested a method to classify decision strategies based on a maximum likelihood estimation, comparing the probability of individuals’ choices given the application of a certain strategy and a constant error rate. Although this method was shown to be unbiased and practically useful, it obviously does not allow differentiating between models that make the same predictions concerning choices but different predictions for the underlying process, which is often the case when comparing complex to simple models or when comparing intuitive and deliberate strategies. An extended method is suggested that additionally includes decision times and confidence judgments in a simultaneous Multiple-Measure Maximum Likelihood estimation. In simulations, it is shown that the method is unbiased and sensitive to differentiate between strategies if the effects on times and confidence are sufficiently large.

Subfields: Economics and Econometrics, General Decision Sciences, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/e802378ff8f9dbd351330ebc9888d4af1528cb2a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Cilia Witteman
2. A. Glöckner
3. T. Betsch
4. Ann-Katrin Herbold

In General Decision Sciences

1. Cilia Witteman
2. A. Glöckner
3. T. Betsch
4. Ann-Katrin Herbold
5. Andrea Ahlgrimm
6. N. Horstmann

In Management Science and Operations Research

1. T. Betsch
2. Cilia Witteman
3. A. Glöckner

Citations in the corpus

• Beyond dual-process models: A categorisation of processes underlying intuitive judgement and decision making (2010, methodology): “…physiological arousal, or single fixation durations to differentiate between the mechanisms (e.g., Glöckner & Herbold, in press; Glöckner & Hochman, 2009; Horstmann et al., 2009; see Glöckner, 2009, for an extended statistical analysis method; see Glöckner & Witteman, 2009, for an overview).”
• Intuition in Judgment and Decision Making: Extensive Thinking Without Effort (2010, methodology): “We varied the patterns of values systematically to allow for a choice-based measure of strategy identification (see Glöckner & Betsch, 2008b, p. 1060; for discussions of the procedure; cf. Glöckner, 2009).”