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Psychological determinants of decision attitude

Psychological determinants of decision attitude Decision attitude — an analog of risk attitude — is the propensity to make (or avoid making) a decision: in decision aversion, a person finds it more desirable to receive through fiat the better of two options than to have a choice between them; in decision seeking, the choice is more desirable, even though it can lead to nothing better than the best option. Both decision aversion and decision seeking were found in hypothetical scenarios. Experimental manipulations and subjects' justifications point to anticipated regret, fear of blame for poor outcomes, and desire for equitable distributions as sources of decision aversion. One source of decision seeking (for self) and decision aversion (when deciding for others) appears to be the desire for the self‐determination of the affected parties. We consider the implications of our results for personal choice and public policy decisions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Behavioral Decision Making Wiley

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References (28)

Publisher
Wiley
Copyright
Copyright © 1994 Wiley Subscription Services
ISSN
0894-3257
eISSN
1099-0771
DOI
10.1002/bdm.3960070206
Publisher site
See Article on Publisher Site

Abstract

Decision attitude — an analog of risk attitude — is the propensity to make (or avoid making) a decision: in decision aversion, a person finds it more desirable to receive through fiat the better of two options than to have a choice between them; in decision seeking, the choice is more desirable, even though it can lead to nothing better than the best option. Both decision aversion and decision seeking were found in hypothetical scenarios. Experimental manipulations and subjects' justifications point to anticipated regret, fear of blame for poor outcomes, and desire for equitable distributions as sources of decision aversion. One source of decision seeking (for self) and decision aversion (when deciding for others) appears to be the desire for the self‐determination of the affected parties. We consider the implications of our results for personal choice and public policy decisions.

Journal

Journal of Behavioral Decision MakingWiley

Published: Jan 1, 1994

Keywords: ; ; ;

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