Maximize when valuable: The domain specificity of maximizing decision-making style
The maximizing decision-making style describes the style of one who pursues maximum utility in decision-making, in contrast to the satisficing style, which describes the style of one who is satisfied with good enough options. The current research concentrates on the within-person variation in the ma...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Cambridge University Press
2022-05-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | https://www.cambridge.org/core/product/identifier/S1930297500003582/type/journal_article |
| _version_ | 1797695954385633280 |
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| author | Minfan Zhu Jun Wang Xiaofei Xie |
| author_facet | Minfan Zhu Jun Wang Xiaofei Xie |
| author_sort | Minfan Zhu |
| collection | DOAJ |
| description | The maximizing decision-making style describes the style of one who pursues maximum utility in decision-making, in contrast to the satisficing style, which describes the style of one who is satisfied with good enough options. The current research concentrates on the within-person variation in the maximizing decision-making style and provides an explanation through three studies. Study 1 (N = 530) developed a domain-specific maximizing scale and found that individuals had different maximizing tendencies across different domains. Studies 2 (N = 162) and 3 (N = 106) further explored this mechanism from the perspective of subjective task value through questionnaires and experiments. It was found that the within-person variation of maximization in different domains is driven by the difference in the individuals’ subjective task value in the corresponding domains. People tend to maximize more in the domains they value more. Our research contributes to a comprehensive understanding of maximization and provides a new perspective for the study of the maximizing decision-making style. |
| first_indexed | 2024-03-12T03:19:45Z |
| format | Article |
| id | doaj.art-0c4b0eeca06a4d439feabfdd219ec85c |
| institution | Directory Open Access Journal |
| issn | 1930-2975 |
| language | English |
| last_indexed | 2024-03-12T03:19:45Z |
| publishDate | 2022-05-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Judgment and Decision Making |
| spelling | doaj.art-0c4b0eeca06a4d439feabfdd219ec85c2023-09-03T14:02:50ZengCambridge University PressJudgment and Decision Making1930-29752022-05-011757459710.1017/S1930297500003582Maximize when valuable: The domain specificity of maximizing decision-making styleMinfan Zhu0https://orcid.org/0000-0003-4388-5059Jun Wang1https://orcid.org/0000-0002-2685-2370Xiaofei Xiehttps://orcid.org/0000-0003-0467-9930School of Psychological and Cognitive Sciences and Beijing Key Laboratory of Behavior and Mental Health, Peking UniversityGraduate School of Education, Peking UniversityThe maximizing decision-making style describes the style of one who pursues maximum utility in decision-making, in contrast to the satisficing style, which describes the style of one who is satisfied with good enough options. The current research concentrates on the within-person variation in the maximizing decision-making style and provides an explanation through three studies. Study 1 (N = 530) developed a domain-specific maximizing scale and found that individuals had different maximizing tendencies across different domains. Studies 2 (N = 162) and 3 (N = 106) further explored this mechanism from the perspective of subjective task value through questionnaires and experiments. It was found that the within-person variation of maximization in different domains is driven by the difference in the individuals’ subjective task value in the corresponding domains. People tend to maximize more in the domains they value more. Our research contributes to a comprehensive understanding of maximization and provides a new perspective for the study of the maximizing decision-making style.https://www.cambridge.org/core/product/identifier/S1930297500003582/type/journal_articlemaximizing-satisficing decision-making styledomain specificitysubjective task value |
| spellingShingle | Minfan Zhu Jun Wang Xiaofei Xie Maximize when valuable: The domain specificity of maximizing decision-making style Judgment and Decision Making maximizing-satisficing decision-making style domain specificity subjective task value |
| title | Maximize when valuable: The domain specificity of maximizing decision-making style |
| title_full | Maximize when valuable: The domain specificity of maximizing decision-making style |
| title_fullStr | Maximize when valuable: The domain specificity of maximizing decision-making style |
| title_full_unstemmed | Maximize when valuable: The domain specificity of maximizing decision-making style |
| title_short | Maximize when valuable: The domain specificity of maximizing decision-making style |
| title_sort | maximize when valuable the domain specificity of maximizing decision making style |
| topic | maximizing-satisficing decision-making style domain specificity subjective task value |
| url | https://www.cambridge.org/core/product/identifier/S1930297500003582/type/journal_article |
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