Abstract
Over the past two decades, research on decision making has shown that individuals use a variety of decision-making strategies and that the strategies selected are contingent upon both the characteristics that are inherent in the decision problem itself, such as reversibility, complexity, ambiguity, or unfamiliarity, and the characteristics that describe the decision environment, such as importance and time pressure or time constraints (Beach & Mitchell, 1978; Einhorn & Hogarth, 1981; Ford, Schmitt, Schechtman, Hults, & Doherty, 1989; Payne, 1982. In the study by McAllister, Mitchell, and Beach (1979), for example, people preferred more complex and more accurate strategies when making decisions for which they were accountable and decisions that were irreversible than when making decisions for which they were not accountable and decisions that could be reversed. In the studies by Christensen-Azalanski (1978, 1980), to give another example, subjects used strategies that were more complex, required more information processing, and were more accurate with important decisions than with unimportant decisions.
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Stiensmeier-Pelster, J., Schürmann, M. (1993). Information Processing in Decision Making under Time Pressure. In: Svenson, O., Maule, A.J. (eds) Time Pressure and Stress in Human Judgment and Decision Making. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-6846-6_16
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DOI: https://doi.org/10.1007/978-1-4757-6846-6_16
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