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Variations in Decision-Making Profiles by Age and Gender: A Cluster-Analytic Approach
Rebecca Delaney1, JoNell Strough1, Andrew M Parker2
1West Virginia University, Department of Psychology, 53 Campus Drive, Morgantown, WV 26506.
Personality and Individual Differences
|May 26, 2015
Summary
This study identified three distinct decision-making profiles: affective/experiential, independent/self-controlled, and interpersonally-oriented dependent. Age and gender influenced profile membership, with older adults and women showing specific tendencies.
Area of Science:
- Psychology
- Behavioral Science
- Decision Science
Background:
- Decision-making styles, including rational, intuitive, spontaneous, dependent, and avoidant, are well-documented.
- However, how these styles combine to form distinct profiles and vary across demographics remains less understood.
Purpose of the Study:
- To investigate the formation of distinct decision-making profiles by combining various decision-making styles.
- To examine how these profiles differ based on age and gender.
Main Methods:
- Cluster analysis was employed to identify decision-making profiles from self-report survey data.
- Data were collected from 1,075 participants in RAND's American Life Panel.
Main Results:
- Three distinct decision-making profiles emerged: affective/experiential, independent/self-controlled, and interpersonally-oriented dependent.
- Older individuals were less likely to adopt the affective/experiential profile and more inclined towards the independent/self-controlled profile.
- Women were less represented in the affective/experiential profile and more frequently belonged to the interpersonally-oriented dependent profile.
Conclusions:
- Decision-making styles coalesce into identifiable profiles that are associated with demographic factors like age and gender.
- The interpersonally-oriented dependent profile represents an important, yet often overlooked, aspect of decision-making behavior.
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