The Decision Making Tendency Inventory: A new measure to assess maximizing,satisficing, and minimizing |
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| Affiliation: | 1. Center for Adaptive Rationality, Max Planck Institute for Human Development, Berlin, Germany;2. Department of Psychology and Centre for the Advanced Study of Collective Behaviour, University of Konstanz, Konstanz, Germany;3. School of Psychology, University of New South Wales, Sydney, Australia;1. Department of Psychology, Tsinghua University, Beijing 100084, China;2. Graduate School at Shenzhen, Tsinghua University, China |
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| Abstract: | We introduce the Decision Making Tendency Inventory (DMTI), a new scale for measuring the decision-making tendencies to maximize, to satisfice, and to minimize. The scale has promising psychometric properties. Our findings show that the revealed tendencies are independent from each other and from the specific decision-making domain. Each factor is differently related to a set of indices of well-being and functioning, suggesting intriguing considerations regarding the distinctive characteristics of maximizing, satisficing, and minimizing. The DMTI extends previous research on maximizing and might contribute to explain the inconsistent results in the literature. Directions for future research are suggested. |
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| Keywords: | Maximizing Satisficing Individual differences Decision-making |
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