How Maximizers Estimate Their Decision Time

The Mediating Effect of Memory Reduction

Dados Bibliográficos

ID12166146
AutoresHe Huang (0009-0008-2154-0694, Department of Psychology and Cognitive Science Tsinghua University Beijing China), Hong Li (0000-0001-5170-505X, Department of Psychology and Cognitive Science Tsinghua University Beijing China, autor correspondente)
Ano2024
Volume37
Fascículo3
Data de publicação2024-07-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Behavioral Decision Making (JOURNAL)
Identificadores do periódicoISSN: 0894-3257 • E-ISSN: 1099-0771
EditoraWiley (PUBLISHER • GB)
DOI10.1002/bdm.2398
OpenAlexW4400857134
IdiomaEN
Citações recebidas1
Referências citadas78

Previous studies have divided people into maximizers and satisficers based on their tendency to seek the best in decision‐making. In the present research, we aim to unravel the time estimation process of maximizers in decision‐making through four studies. The results indicate that maximizers tend to underestimate the time spent in decision‐making, which is due to the difference in their memory reduction for decision‐related information compared to that of satisficers. Specifically, maximizers' memories of special information (rather than common information) become worse than those of satisficers, which leads to their underestimation of decision time. These findings provide a deeper understanding of how maximizers estimate their decision time, which offers important insights into how maximizers make their decisions. Overall, this research contributes to the literature by shedding new light on maximization from the perspective of memory

Cognitive psychology · Econometrics · Economics · Reduction (mathematics · Computer Science · Decision-Making and Behavioral Economics · Mathematics · Neural and Behavioral Psychology Studies · Personal Information Management and User Behavior · Psychology · Social Psychology