The Digital Reality of the Modern Economy: New Actors and New Decision-Making Logic

Stolyarov, Nikita O.; Petrenko, Elena; Serova, Olga A.; Umuralieva, Aida S.

doi:10.1007/978-3-030-29586-8_100

Cited by 22 publications

(1 citation statement)

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“…Decision making is studied by multiple disciplines, from statistics (Stine et al, 2011) to psychology (Beach & Connolly, 2005) to economics (Stolyarov et al, 2019). The application impact of these studies is of enormous importance since decision-making processes are transversal to multiple and various contexts, including, for example, the medical, political-economic, organizational, and business fields.…”

Section: Introductionmentioning

confidence: 99%

How to make big decisions: A cross-sectional study on the decision making process in life choices

et al. 2022

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People often make life choices that will affect their future (e.g. getting married). However, research on decision making focuses more on abstract dilemmas than on decision making. The aim of this study is threefold: to analyze (1) whether people rely mainly on intuitive or rational processing (System 1 or 2) when making life choices; (2) whether some characteristics of recalled life choices (e.g., difficulty in making the decision) differ between life areas (sentimental and work contexts); (3) whether personality traits and System 1 or 2 utilization may predict final satisfaction in life choices. By conducting a cross-sectional study on 188 participants’ recall of selected life decisions (in the sentimental and work life areas) we found that System 1 is more involved than System 2 in sentimental choices while the opposite happens for work ones. Lastly, satisfaction in life choices is partially predicted by the involvement of cognitive systems and individual differences, with different predictors emerging across life areas. Discussion suggests directions for future research on naturalistic decision making.

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Section: Introductionmentioning

confidence: 99%