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Aiding Lay Decision Making Using a Cognitive Competencies Approach.

A J Maule¹, Simon Maule²

¹Leeds University Business School, University of Leeds Leeds, UK.

Frontiers in Psychology

|January 19, 2016

Summary

This summary is machine-generated.

This study reviews decision-making support, contrasting just-in-time and just-in-case interventions. It proposes using cognitive competencies to enhance intervention development and evaluation for everyday choices.

Keywords:

cognitive competencies decision aids improving everyday decision making

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Area of Science:

Decision-making science
Cognitive psychology
Behavioral economics

Background:

Two main approaches, just-in-time and just-in-case interventions, support human decision-making.
These interventions aid in everyday choices like selecting housing, financial products, or medical procedures.
Current interventions lack a strong theoretical foundation, limiting their development and evaluation.

Purpose of the Study:

To review existing research on just-in-time and just-in-case decision-making interventions.
To argue for the need for an underlying prescriptive theory in decision aid development.
To propose a new framework for interpreting and evaluating decision support interventions based on cognitive competencies.

Main Methods:

Literature review of prescriptive decision-making interventions.
Analysis of descriptive research on cognitive competencies in decision-making.
Theoretical synthesis to propose a new approach for intervention development and evaluation.

Main Results:

The lack of a prescriptive theory hinders the effectiveness and evaluation of current decision aids.
Descriptive research on cognitive competencies offers new insights into how decision aids work.
A new approach can improve the development and evaluation of interventions for everyday decisions.

Conclusions:

Integrating cognitive competencies into intervention design can enhance decision support.
A theory-driven approach is crucial for developing and evaluating effective decision aids.
Future interventions can be more impactful by leveraging insights from descriptive cognitive research.