Cited by 906Decision-Making and Behavioral EconomicsCognitive Abilities and TestingPsychometric Methodologies and Testing

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Individual differences in adult decision-making competence.

Open access

Bruine de Bruin, Wändi, Parker, Andrew M., Fischhoff, Baruch·2007·Journal of Personality and Social Psychology

DOI 10.1037/0022-3514.92.5.938

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Abstract

The authors evaluated the reliability and validity of a set of 7 behavioral decision-making tasks, measuring different aspects of the decision-making process. The tasks were administered to individuals from diverse populations. Participants showed relatively consistent performance within and across the 7 tasks, which were then aggregated into an Adult Decision-Making Competence (A-DMC) index that showed good reliability. The validity of the 7 tasks and of overall A-DMC emerges in significant relationships with measures of socioeconomic status, cognitive ability, and decision-making styles. Participants who performed better on the A-DMC were less likely to report negative life events indicative of poor decision making, as measured by the Decision Outcomes Inventory. Significant predictive validity remains when controlling for demographic measures, measures of cognitive ability, and constructive decision-making styles. Thus, A-DMC appears to be a distinct construct relevant to adults' real-world decisions.

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Authors: Bruine de Bruin, W., Parker, A. M., & Fischhoff, B.
Affiliations: RAND Corporation (US)
Carnegie Mellon University (US)
ORCID: Bruine de Bruin, Wändi
Parker, Andrew M.
Fischhoff, Baruch
Venue: Journal of Personality and Social Psychology
Publisher: American Psychological Association (APA)
Published: 2007-05
Volume: 92
Issue: 5
Pages: 938-956
ISSN: 0022-3514 (ISSN-L)
1939-1315
DOI: 10.1037/0022-3514.92.5.938
OpenAlex: W2039223548
Semantic Scholar: 22168bbc83ed5c1b933d71c3f881dc85b0709321
Cited by: 906
References: 110
Citations by year: 2026: 33 · 2025: 52 · 2024: 45 · 2023: 60 · 2022: 62 · 2021: 81 · 2020: 71 · 2019: 62 · 2018: 54 · 2017: 49 · 2016: 47 · 2015: 70 · 2014: 49 · 2013: 49 · 2012: 34
FWCI: 12.54
Type: journal article
Language: en
Open access: green
figshare.com
Licence: cc-by
Locations: Journal of Personality and Social Psychology (publishedVersion)
PubMed (publishedVersion)
KiltHub Repository (submittedVersion)
Figshare (submittedVersion, cc-by)
KiltHub Repository
Funders: National Science Foundation (SES-0213782)
Topics: Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
Social Sciences › Psychology › Experimental and Cognitive Psychology › Cognitive Abilities and Testing
Social Sciences › Decision Sciences › Management Science and Operations Research › Psychometric Methodologies and Testing
Keywords: individual differences, construct validity, predictive validity, socioeconomic status, cognitive ability, decision-making styles, negative life events
MeSH terms: Adaptation, Psychological, Adolescent, Adult, Aged, Aged, 80 and over, Aptitude, Culture, Decision Making, Female, Humans, Individuality, Intelligence, Internal-External Control, Male, Middle Aged, Personality Inventory, Problem Solving, Psychometrics, Self Concept, Social Values, Socioeconomic Factors, Reproducibility of Results

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Individual differences in adult decision-making competence.

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