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The impact of using forced decision-making strategies on post-decisional confidence
Authors:Dan Zakay  Yehoshua Tsal
Abstract:The impact of motivational and cognitive factors on post-decisional confidence (PDC) level was tested in two experiments. In the first experiment, subjects were first identified as having an intuitive preference toward using either a compensatory or a noncompensatory decision strategy and later on were forced to use either a compatible or a non-compatible strategy. PDC level decreased after using a noncompensatory strategy, and the decrease was higher when it was a noncompatible strategy. In a second experiment, subjects received feedback about their preferred strategy but were not later forced to use any specific strategy. Most subjects continued to utilize their preferred strategy and PDC level was not changed. Overall, intuitive PDC was not found to be sensitive to differences between compensatory and noncompensatory strategies. The result suggested that PDC is a function of an internal cost-benefit analysis which includes both cognitive and motivational factors.
Keywords:Confidence  Decision making  Strategy selection  Compensatory strategies  Lexicographic strategy
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