Literature DB >> 18697676

Identifying decision strategies: a process- and outcome-based classification method.

René Riedl1, Eduard Brandstätter, Friedrich Roithmayr.   

Abstract

This article presents a classification method that makes possible the detection of important decision strategies that people use in nonrisky multiattribute decision tasks. The classification method incorporates a multimethod approach that combines elements of both structural modeling and process tracing. We begin with a discussion of nine common characteristics of decision strategies and then classify 13 decision strategies on the basis of these characteristics. Next, we demonstrate that six of the characteristics can be used to develop one outcome-based and three process-based metrics. In addition, we present an algorithm that shows how to use the metrics. We demonstrate that using our metrics in conjunction with a measure for direction of search allows identification of most of the 13 decision strategies. Finally, we outline the potential of our research for the design of decision support systems such as online shops.

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Year:  2008        PMID: 18697676     DOI: 10.3758/brm.40.3.795

Source DB:  PubMed          Journal:  Behav Res Methods        ISSN: 1554-351X


  5 in total

1.  Information search and decision making: effects of age and complexity on strategy use.

Authors:  Tara L Queen; Thomas M Hess; Gilda E Ennis; Keith Dowd; Daniel Grühn
Journal:  Psychol Aging       Date:  2012-06-04

2.  Age and self-relevance effects on information search during decision making.

Authors:  Thomas M Hess; Tara L Queen; Gilda E Ennis
Journal:  J Gerontol B Psychol Sci Soc Sci       Date:  2012-11-29       Impact factor: 4.077

3.  Uncovering the differences and similarities between physical and virtual mobility.

Authors:  Surendra Hazarie; Hugo Barbosa; Adam Frank; Ronaldo Menezes; Gourab Ghoshal
Journal:  J R Soc Interface       Date:  2020-07-22       Impact factor: 4.118

4.  Machine learning strategy identification: A paradigm to uncover decision strategies with high fidelity.

Authors:  Jun Fang; Lael Schooler; Luan Shenghua
Journal:  Behav Res Methods       Date:  2022-04-04

5.  Choice Quality as a Function of Decision Accuracy and Search Cost.

Authors:  Reza Rastgoo Sisakht; Shabnam Mousavi; Rahimeh Negarandeh; Hamid Valizadegan; Maryam Noroozian; Mehdi Tehrani-Doost; Emran Mohammad Razaghi
Journal:  Iran J Psychiatry       Date:  2019-07
  5 in total

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