Publications

Authors:

Ceschi, A; Costantini, A; Sartori, R; Weller, J; Di Fabio, A

Title:

Dimensions of decision-making: An evidence-based classification of heuristics and biases

Year:

2019

Type of item:

Articolo in Rivista

Tipologia ANVUR:

Articolo su rivista

Language:

Inglese

Referee:

No

Name of journal:

PERSONALITY AND INDIVIDUAL DIFFERENCES

ISSN of journal:

0191-8869

N° Volume:

146

Page numbers:

188-200

Keyword:

Heuristics and Biases; Decision-Making; Individual differences; Mindware gaps; Positive Illusions; Negativity effect; Anchoring and Adjustment

Short description of contents:

Traditionally, studies examining decision-making heuristics and biases (H&B) have focused on aggregate effects using between-subjects designs in order to demonstrate violations of rationality. Although H&B are often studied in isolation from others, emerging research has suggested that stable and reliable individual differences in rational thought exist, and similarity in performance across tasks are related, which may suggest an underlying phenotypic structure of decision-making skills. Though numerous theoretical and empirical classifications have been offered, results have been mixed. The current study aimed to clarify this research question. Participants (N = 289) completed a battery of 17 H&B tasks, assessed with a within-subjects design, that we selected based on a review of prior empirical and theoretical taxonomies. Exploratory and confirmatory analyses yielded a solution that suggested that these biases conform to a model composed of three dimensions: Mindware gaps, Valuation biases (i.e., Positive Illusions and Negativity effect), and Anchoring and Adjustment. We discuss these findings in relation to proposed taxonomies and existing studies on individual differences in decision-making.

Product ID:

134273

Handle IRIS:

11562/1095987

Last Modified:

June 8, 2023

Bibliographic citation:

Ceschi, A; Costantini, A; Sartori, R; Weller, J; Di Fabio, A, Dimensions of decision-making: An evidence-based classification of heuristics and biases «PERSONALITY AND INDIVIDUAL DIFFERENCES» , vol. 146 , 2019 , pp. 188-200

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