{"title":"How Maximizers Estimate Their Decision Time: The Mediating Effect of Memory Reduction","authors":"He Huang, Hong Li","doi":"10.1002/bdm.2398","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>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.</p>\n </div>","PeriodicalId":48112,"journal":{"name":"Journal of Behavioral Decision Making","volume":null,"pages":null},"PeriodicalIF":1.8000,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Behavioral Decision Making","FirstCategoryId":"102","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/bdm.2398","RegionNum":3,"RegionCategory":"心理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"PSYCHOLOGY, APPLIED","Score":null,"Total":0}
引用次数: 0
Abstract
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.
期刊介绍：
The Journal of Behavioral Decision Making is a multidisciplinary journal with a broad base of content and style. It publishes original empirical reports, critical review papers, theoretical analyses and methodological contributions. The Journal also features book, software and decision aiding technique reviews, abstracts of important articles published elsewhere and teaching suggestions. The objective of the Journal is to present and stimulate behavioral research on decision making and to provide a forum for the evaluation of complementary, contrasting and conflicting perspectives. These perspectives include psychology, management science, sociology, political science and economics. Studies of behavioral decision making in naturalistic and applied settings are encouraged.
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