Do personality traits and self‐regulatory processes affect decision‐making tendencies?

Abstract

Objective: This research attempted to clarify the role played by personality traits and self-regulated motivation in affecting decision-making tendencies. Method: Study 1 (n = 209) examined whether the Big Five personality traits predict minimising, maximising, and satisficing tendencies; Study 2 (n = 460) tested the mediating role of self-regulatory orientations in the relationship between personality traits and decision-making tendencies by performing structural equation modelling with latent variables. Results: Conscientiousness emerged as the strongest positive predictor of maximising, whereas openness to experience, conscientiousness, and agreeableness emerged as negative predictors of satisficing. As for the mediational model, both locomotion and assessment played a role in mediating the relationships between the personality traits and decision-making tendencies. Conclusions: This research provided interesting insights into the underlying motivations and strategies that lead individuals to maximise, satisfice, or minimise.

The impact of a pathologist’s personality on the interobserver variability and diagnostic accuracy of predictive PD-L1 immunohistochemistry in lung cancer

“…[31] This might be explained by a maximizing decision making style in individuals with high conscientiousness, which aims to make the most optimal decision after careful evaluation of all alternatives. [32] In the context of immunoscoring for PD-L1, the properties associated with conscientiousness clarify the results of our study. Pathologists who have high scores for conscientiousness possibly have a more diligent and systematic approach for scoring PD-L1, and therefore are more likely to score in similar categories, also resulting in a higher diagnostic accuracy.…”

“…Extraversion, openness and agreeableness were described to be associated with minimizing, maximizing, and satisfying decision making styles, [32] but were not associated with PD-L1 scoring in this study. No correlation was observed between age and joy of immunoscoring on one hand, and personality traits, interobserver variability or diagnostic accuracy on the other.…”

Impacts of Personal Characteristics on User Trust in Conversational Recommender Systems

“…This finding is in line with previous studies showing that more conscientious people have higher trust in automation when conducting decision-making tasks [15,16]. Highly conscientious users tend to be cautious, responsible [33], and may have maximising tendencies (i.e., the tendency to explore and compare alternatives, and look for the best option) [51], which may result in more appreciation for the suggestions from the system that may help them become more informed to make a confident decision. This finding also suggests that individual differences in users' decision-making style, i.e., maximizing (examining more alternatives to select the best option) and satisficing (settling for a good-enough option) [35,67], may be influential on user trust in CRSs, which can be investigated in future research.…”

Decision-Making and Life Satisfaction: The Role of General Decision-Making Styles and Maximizing Tendency as Predictors

“…Thus, individuals conduct satisficing rather than trying to reach maximum gains. Satisficing is defined as the tendency to choose 'good enough' options rather than seeking and evaluating all available alternatives to gain the best outcomes (Luan & Li, 2017;Miceli et al, 2018). Satisficers often set their own minimum acceptance level in making a decision, then decide when an alternative is estimated to produce a sufficient outcome or pass the minimum level (Miceli et al, 2018).…”