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Effects of Amount of Information on Decision Strategies
David P Jones1,2, Lowell M Schipper1,2, R James Holzworth1,2
1a Arthur Young & Company , Detroit , Michigan , USA.
Abstract:
Sixty male and female college students made choices among binary decision items composed of either 3, 4, 5, 6, or 7 probabilistic cues. One hundred ninety-four items were generated to permit isolation of Ss' use of any of four intrinsically available decision strategies: adding cues, averaging cues, choosing the event with the largest cue, or choosing the event with the most cues. It was observed that Ss' reliability decreased as a function of the amount of information provided. Results did not support the hypothesis that Ss shift to different strategies as the amount of information varied. It was suggested that what have been termed strategy shifts might be explained by unreliability of Ss' responses.
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