The maximizing decision-making style describes the style of one who pursues maximum utility in decision-making, in contrast to the satisficing style, which describes the style of one who is satisfied with good enough options. The current research concentrates on the within-person variation in the maximizing decision-making style and provides an explanation through three studies. Study 1 (N = 530) developed a domain-specific maximizing scale and found that individuals had different maximizing tendencies across different domains. Studies 2 (N = 162) and 3 (N = 106) further explored this mechanism from the perspective of subjective task value through questionnaires and experiments. It was found that the within-person variation of maximization in different domains is driven by the difference in the individuals’ subjective task value in the corresponding domains. People tend to maximize more in the domains they value more. Our research contributes to a comprehensive understanding of maximization and provides a new perspective for the study of the maximizing decision-making style.

This study found that personal wisdom was correlated positively with Chinese older adults’ quality of life regardless of their place of residence (rural vs urban). Both self-esteem and depression were found to account directly for the relation between personal wisdom and quality of life among the urban, but not the rural residents. The findings overall highlighted the importance of considering personal wisdom as a beneficial psychological resource that helps older adults maintain a high quality of life in old age. Further, the rural-urban difference indicates the need for future personal wisdom studies on low-income and less educated older populations.

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Social relations and mortality: A more nuanced approach.