Journal of Dynamic Decision Making 2018
DOI: 10.11588/jddm.2018.1.43102
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Convergent validity of two decision making style measures

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Cited by 4 publications
(11 citation statements)
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“…Example items include "I make decisions in a logical and systematic way" (rational style); "When making decisions, I rely upon my instincts" (intuitive style); "I use the advice of other people in making my important decisions" (dependent style); "I postpone decision-making whenever possible" (avoidant style); "I often make impulsive decisions" (spontaneous style). Previous research (Berisha et al, 2018;Gambetti et al, 2008;Loo, 2000;Thunholm, 2004) has shown that GDMS is a reliable scale, reporting high to acceptable Cronbach's alphas.…”
Section: Methodsmentioning
confidence: 95%
“…Example items include "I make decisions in a logical and systematic way" (rational style); "When making decisions, I rely upon my instincts" (intuitive style); "I use the advice of other people in making my important decisions" (dependent style); "I postpone decision-making whenever possible" (avoidant style); "I often make impulsive decisions" (spontaneous style). Previous research (Berisha et al, 2018;Gambetti et al, 2008;Loo, 2000;Thunholm, 2004) has shown that GDMS is a reliable scale, reporting high to acceptable Cronbach's alphas.…”
Section: Methodsmentioning
confidence: 95%
“…Values for Cronbach's alphas exceed 0.9 except for the intuitive style, that scores 0.52. Previous researchers have reported values below the 0.7 threshold and argued lower scores do not necessarily indicate lack of internal consistency (Krasniqi et al, 2019;Thunholm, 2004) but rather could be explained by a lower number of items per scale, sample sizes and linguistic or cultural particularities (Berisha et al, 2018;Spicer and Sadler-Smith, 2005) Models control for a series of CEO sociodemographic attributes which may affect performance -CEO Age: number of years since the CEO's date of birth (Hsu et al, 2013) -CEO Experience: number of years the firm's CEO has been in that position, considering previous experiences in other firms Datta, 2002, 2006) (continued) introduced to capture interaction effects (Aiken and West, 1991), namely whether the effect of a specific decision-making style depends on CEO gender (see hypotheses H2b-H3b-H4b-H5b-H6b above). The terms CV i denotes a vector containing all covariates related to CEO sociodemographic characteristics, CEO personality traits and firm attributes, while μ i denotes the error term.…”
Section: Modelmentioning
confidence: 94%
“…(2) CEO decision-making style was measured using Scott and Bruce's (1995) 25-item GDMS Inventory scored on a 5-point Likert Scale (1 5 strongly disagree; 5 5 strongly agree). Multiple studies have confirmed the reliability and validity of the GDMS inventory (Allwood and Salo, 2012;Baiocco et al, 2009;Berisha et al, 2018;Galotti et al, 2006;Loo, 2000;Sager and Gastil, 1999;Spicer and Sadler-Smith, 2005) and assessed its similarities and differences with other instruments (Berisha et al, 2018;Bruine de Bruin et al, 2007;Kozhevnikov, 2007), insofar as there are multiple overlapping items among decision-making questionnaires (Leykin and DeRubeis, 2010).…”
Section: Variables 321 Dependent Variablementioning
confidence: 99%
“…However, in recent discussions, it has been proposed and is increasingly recognized that decision-making styles involve a multidimensional "dynamic" component that changes over a person's lifetime. 1,8,29,30 This proposal is based on the assumption that most people adopt the style that best fits their environmental and contextual circumstances, 8 which include the available decisionmaking time, degree of pressure in the decision-making environment, 3 and proficiency in decision-making, 31 as well as the individual's personal circumstances when making a particular decision. Therefore, people can choose to change their style or learn other forms of behavior, and can develop another style.…”
Section: Decision-making Stylesmentioning
confidence: 99%
“…Therefore, people can choose to change their style or learn other forms of behavior, and can develop another style. 32 On the basis of these multifaceted considerations, decisionmaking style refers to how individuals use the decision-making skills that they have acquired over the course of their lifetime and can be viewed from two perspectives: a dynamic concept that involves cultivated learning, 18,29,30,32 and a dynamic concept that changes in response to changes in the environment. 3,8,31…”
Section: Decision-making Stylesmentioning
confidence: 99%