Maximization and choice paralysis

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00098505" target="_blank" >RIV/00216224:14560/17:00098505 - isvavai.cz</a>

Result on the web

<a href="https://fpm.euba.sk/www_write/files/veda-vyskum/Zborniky-APPS/2017.pdf" target="_blank" >https://fpm.euba.sk/www_write/files/veda-vyskum/Zborniky-APPS/2017.pdf</a>

DOI - Digital Object Identifier

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Result language

čeština

Original language name

Maximizace a rozhodovací paralýza

Original language description

Maximization is an individual trait related to the criteria individuals place on their decision making process and outcomes. People high in Maximizing feel the need to select the best possible option available, no matter how much effort they need to exert. For these people, the more options are available and the more criteria enter the decision, the more difficult the decision problem becomes, People low in Maximizing, on the other hand, approach decision making with a threshold of “good enough”, and select the first option to meet this threshold. People high in maximization report having lower life satisfaction and more regret. Additionally, people high in maximization tend to re-examine their choices over and over, making them less loyal customers.

Czech name

Maximizace a rozhodovací paralýza

Czech description

Maximization is an individual trait related to the criteria individuals place on their decision making process and outcomes. People high in Maximizing feel the need to select the best possible option available, no matter how much effort they need to exert. For these people, the more options are available and the more criteria enter the decision, the more difficult the decision problem becomes, People low in Maximizing, on the other hand, approach decision making with a threshold of “good enough”, and select the first option to meet this threshold. People high in maximization report having lower life satisfaction and more regret. Additionally, people high in maximization tend to re-examine their choices over and over, making them less loyal customers.

Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50600 - Political science

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Current Problems of the Corporate Sector 2017

ISBN

9788022544221

ISSN

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e-ISSN

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Number of pages

7

Pages from-to

231-237

Publisher name

EKONÓM

Place of publication

Bratislava

Event location

Bratislava

Event date

Jan 1, 2017

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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