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 |
| Published: |
Cambridge University Press
2022-05-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/21/210520/jdm210520.pdf |
| _version_ | 1797715604840382464 |
|---|---|
| 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 | 2024-03-12T08:09:14Z |
| format | Article |
| id | doaj.art-d6f317eaaada41468c0d2192341456de |
| institution | Directory Open Access Journal |
| issn | 1930-2975 |
| language | English |
| last_indexed | 2024-03-12T08:09:14Z |
| publishDate | 2022-05-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Judgment and Decision Making |
| spelling | doaj.art-d6f317eaaada41468c0d2192341456de2023-09-02T19:19:29ZengCambridge University PressJudgment and Decision Making1930-29752022-05-01173574597Maximize when valuable: The domain specificity of maximizing decision-making styleMinfan ZhuJun WangXiaofei XieThe 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.http://journal.sjdm.org/21/210520/jdm210520.pdfmaximizing-satisficing decision-making style; domain specificity; subjective task valuenakeywords |
| 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 valuenakeywords |
| 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 valuenakeywords |
| url | http://journal.sjdm.org/21/210520/jdm210520.pdf |
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