The Maximization Inventory

Brandon M. Turner, Hye Bin Rim, Nancy E. Betz and Thomas E. Nygren

Judgment and Decision Making, 2012, vol. 7, issue 1, pages 48-60

Abstract: We present the Maximization Inventory, which consists of three separate scales: decision difficulty, alternative search, and satisficing. We show that the items of the Maximization Inventory have much better psychometric properties when compared to the original Maximization Scale (Schwartz et al., 2002). The satisficing scale is a new addition to the study of maximization behavior, and we demonstrate that this scale is positively correlated with positive adaptation, whereas the decision difficulty and alternative search scales are positively correlated with nonproductive decisional behavior. The Maximization Inventory was then compared to previous maximization scales and, while the decision difficulty and alternative search scales are positively correlated with similar previous constructs, the satisficing scale offers a dimension entirely different from maximization.

Keywords: maximization; satisficing; alternative search; decision difficulty. (search for similar items in EconPapers)
Date: 2012
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