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Decision Strategy (decision + strategy)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting66%

Selected Abstracts

At-destination visitor information search and venue decision strategies

INTERNATIONAL JOURNAL OF TOURISM RESEARCH, Issue 3 2007
Robin B. DiPietro
Abstract Numerous studies have been conducted on consumers' information search prior to arrival at a destination. This study attempts to continue to fill a research gap focusing on travellers' information search behaviour for services not only before the trip but in transit to the destination and once at a destination. In particular, the research explores service-related decisions before and during a trip, the sources of information utilised, which include locals residing at a destination, and how demographic and trip purpose characteristics influence decision-making. Using the results of this study, practitioners and academics alike can design effective strategies for marketing to travellers. Copyright © 2007 John Wiley & Sons, Ltd. [source]

Random error reduction in analytic hierarchies: a comparison of holistic and decompositional decision strategies

JOURNAL OF BEHAVIORAL DECISION MAKING, Issue 3 2001
Osvaldo F. Morera
Abstract The principle of ,divide and conquer' (DAC) suggests that complex decision problems should be decomposed into smaller, more manageable parts, and that these parts should be logically aggregated to derive an overall value for each alternative. Decompositional procedures have been contrasted with holistic evaluations that require decision makers to simultaneously consider all the relevant attributes of the alternatives under consideration (Fischer, 1977). One area where decompositional procedures have a clear advantage over holistic procedures is in the reduction of random error (Ravinder, 1992; Ravinder and Kleinmuntz, 1991; Kleinmuntz, 1990). Adopting the framework originally developed by Ravinder and colleagues, this paper details the results of a study of the random error variances associated with another popular multi-criteria decision-making technique, the Analytic Hierarchy Process (AHP); (Saaty, 1977, 1980), as well as the random error variances of a holistic version of the Analytic Hierarchy Process (Jensen, 1983). In addition, data concerning various psychometric properties (e.g. the convergent validity and temporal stability) and values of AHP inconsistency are reported for both the decompositional and holistic evaluations. The results of the study show that the Ravinder and Kleinmuntz (1991) error-propagation framework extends to the AHP and decompositional AHP judgments are more consistent than their holistic counterparts. Copyright © 2001 John Wiley & Sons, Ltd. [source]

Individual strategy preferences and decisional fit

JOURNAL OF BEHAVIORAL DECISION MAKING, Issue 5 2008
Cornelia Betsch
Abstract The present research introduces the concept of decisional fit. A decision maker experiences decisional fit when the individually preferred decision strategy fits the actually applied strategy. In accordance to other fit-concepts in psychology (e.g., person,environment fit), we expected positive effects of decisional fit. Five studies examine the effects of a fit between the individual preference for intuition and deliberation (PID) and the actually used decision strategy (intuition or deliberation). A comparison of extreme types (according to participants' values on the PID scale) revealed that decisional fit enhances the perceived value of the chosen or evaluated object (Studies 1,3). In Studies 4 and 5, participants experienced less regret after decisional fit. The findings highlight the importance of considering individual differences when comparing intuitive and deliberate decision making, because strategy preferences interact with applied strategies. Copyright © 2008 John Wiley & Sons, Ltd. [source]

Who will win Wimbledon?

JOURNAL OF BEHAVIORAL DECISION MAKING, Issue 4 2006
The recognition heuristic in predicting sports events
Abstract Goldstein and Gigerenzer (2002) described the recognition heuristic as a fast, frugal, and effective decision strategy. However, most studies concerning the recognition heuristic have been conducted in static domains, that is, in domains where it could plausibly be argued that relevant variables stay relatively constant. Yet the question is whether the heuristic would also work in dynamic environments where the quality of the actors rises and falls, such as in sports. We tested performance of the recognition heuristic in a dynamic environment and used it to predict the outcomes of tennis matches in Wimbledon 2003. Recognition data of amateur tennis players and laypeople was used to build recognition rankings. These rankings correlated with official rankings and led to at least as good predictions. Simulations of individual choices showed high recognition validities of both amateurs (0.73) and laypeople (0.67). In a second study the recognition heuristic correctly predicted 90% of actual individual choices. Overall, the recognition heuristic may be effectively generalized to dynamic environments. Copyright © 2006 John Wiley & Sons, Ltd. [source]

Judging Bias: Juror Confidence and Judicial Rulings on Challenges for Cause

LAW & SOCIETY REVIEW, Issue 3 2008
Mary R. Rose
The judge in a jury trial is charged with excusing prospective jurors who will not be impartial. To assess impartiality, prospective jurors are typically asked whether they can be fair. Using an experimental paradigm, we found that small changes in jurors' self-reported confidence in their ability to be fair affected judges' decisions about bias but did not affect the judgments of either attorneys or jurors. We suggest why a judge's role and unique relationship with jurors is likely to foster a decision strategy based on reported juror confidence, and we discuss the implications of our analysis for current legal debates over jury selection practices. Unexpected patterns in our results also highlight the ways in which perceptions of impartiality are affected, in part, by the social characteristics of the observer. [source]

Novel lineup methods for improving the performance of older eyewitnesses

APPLIED COGNITIVE PSYCHOLOGY, Issue 5 2010
Rachel Wilcock
Previous research shows that older witnesses demonstrate poorer lineup performance compared to younger adults. Two experiments are presented which investigated the effectiveness of pre-identification procedures aimed to reduce false identifications made by older adults. In experiment one older adults' demonstrated poorer lineup performance compared to younger adults. However, older adults benefited from pre-lineup questions and a practice lineup prior to viewing a target absent (TA) lineup. In a second experiment, participants in the practice lineup condition made significantly fewer false identifications and more correct rejections on two TA lineups compared to participants in the control condition. On both target present (TP) lineups there was no significant difference in lineup performance between the two conditions. The effect of pre-identification procedure on self-reported lineup decision strategy and memory for non-biased lineup instructions are discussed, as well as future research directions. Copyright © 2009 John Wiley & Sons, Ltd. [source]