How Maximizers Estimate Their Decision Time: The Mediating Effect of Memory Reduction
He Huang,
Hong Li
Abstract:Previous studies have divided people into maximizers and satisficers based on their tendency to seek the best in decision‐making. In the present research, we aim to unravel the time estimation process of maximizers in decision‐making through four studies. The results indicate that maximizers tend to underestimate the time spent in decision‐making, which is due to the difference in their memory reduction for decision‐related information compared to that of satisficers. Specifically, maximizers' memories of spec… Show more
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