ERIC Number: ED042220
Record Type: RIE
Publication Date: 1970-Aug
Reference Count: 0
Individual Differences in Information Demanded Prior to Making Risky Decisions. Final Report.
In order to help students to be more efficient decision makers, it is essential to consider individual differences in the decision making process. The problem of this study was to determine the influence of specific internal and situational factors on the amount of information demanded prior to making risky decisions. Factors studied were category width, need to achieve, fear of failure, utility of reward and payoff. Measures employed were the Category Width Scale, the Mandler Sarason Test Anxiety Questionnaire, a group form of the TAT, a Preference for Risks test, and the Numerical Ability subtest of the Differential Aptitude Tests. Subjects were 186 male students who were high school juniors. Results indicate that, in general, when there was no reward or incentive, the motives"fear of failure" and "the need to achieve" were not elicited to differentiate subjects' strategies in decision making. Under conditions in which there are no specific goals, subjects do seem to employ a consistent cognitive strategy in the amount of information needed prior to decision making. This was seen as unrelated to intelligence. A logical followup of this study would be an examination of differences in information demand when individuals are given feedback. (Author/CJ)
Descriptors: Achievement Need, Cognitive Processes, Decision Making, High School Students, Individual Differences, Problem Solving, Psychological Needs, Rewards, Risk
Beatrice Harris, Division of Higher Education, City University of New York, 535 East 80th Street, New York, New York 10021. (No price is quoted.)
Publication Type: N/A
Education Level: N/A
Sponsor: Office of Education (DHEW), Washington, DC.
Authoring Institution: City Univ. of New York, NY. Div. of Teacher Education.