The Short Maximization Inventory

Journal Title: Judgment and Decision Making - Year 2018, Vol 13, Issue 1

Abstract

We developed the Short Maximization Inventory (SMI) by shortening the Maximization Inventory (Turner, Rim, Betz & Nygren, 2012) from 34 items to 15 items. Using the Item Response Theory framework, we identified and removed the items of the Maximization Inventory that contributed least to the performance of the original scale. The construct validity assessed for SMI is similar to the full MI and is in line with the predictions from the literature: the Satisficing subscale is positively related to the indices of well-being, while the Decision Difficulty and Alternative Search subscales are negatively related to well-being. The new scale retains the good psychometric properties of the original scale. Furthermore, its brevity allows researchers to use the scale in studies in which maximization is not the primary focus. Although the SMI lacks the “High Standards” subscale, as did the original MI, we believe that SMI is a step towards developing a reliable and conceptually sound measure of maximizing that can be used in various research designs.

Authors and Affiliations

Michal Ďuriník, Jakub Procházka and Hynek Cígler

Keywords

Related Articles

Don’t stop thinking about tomorrow: Individual differences in future self-continuity account for saving

Some people find it more difficult to delay rewards than others. In three experiments, we tested a “future self-continuity” hypothesis that individual differences in the perception of one’s present self as continuous wit...

"Head versus heart": Effect of monetary frames on expression of sympathetic magical concerns

Most American respondents give "irrational," magical responses in a variety of situations that exemplify the sympathetic magical laws of similarity and contagion. In most of these cases, respondents are aware that their...

The limited value of precise tests of the recognition heuristic

The recognition heuristic models the adaptive use and dominant role of recognition knowledge in judgment under uncertainty. Of the several predictions that the heuristic makes, empirical tests have predominantly focused...

Does moving from war zone change emotions and risk perceptions? A field study of Israeli students

The current field study uses data collected after the 2009 war between Israel and the Hamas militias in the Gaza Strip ended. The study compares recalled emotions and perceived risks among two groups of students, all of...

Performance on the Cognitive Reflection Test is stable across time

A widely used measure of individual propensity to utilize analytic processing is the Cognitive Reflection Test (CRT), a set of math problems with intuitively compelling but incorrect answers. Here, we ask whether scores...

Download PDF file
  • EP ID EP678331
  • DOI -
  • Views 133
  • Downloads 0

How To Cite

Michal Ďuriník, Jakub Procházka and Hynek Cígler (2018). The Short Maximization Inventory. Judgment and Decision Making, 13(1), -. https://europub.co.uk./articles/-A-678331