Bruine de Bruin, W orcid.org/0000-0002-1601-789X, Parker, AM and Fischhoff, B (2020) Decision-Making Competence: More Than Intelligence? Current Directions in Psychological Science, 29 (2). pp. 186-192. ISSN 0963-7214
Abstract
Decision-making competence refers to the ability to make better decisions, as defined by decision-making principles posited by models of rational choice. Historically, psychological research on decision-making has examined how well people follow these principles under carefully manipulated experimental conditions. When individual differences received attention, researchers often assumed that individuals with higher fluid intelligence would perform better. Here, we describe the development and validation of individual-differences measures of decision-making competence. Emerging findings suggest that decision-making competence may tap not only into fluid intelligence but also into motivation, emotion regulation, and experience (or crystallized intelligence). Although fluid intelligence tends to decline with age, older adults may be able to maintain decision-making competence by leveraging age-related improvements in these other skills. We discuss implications for interventions and future research.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © The Author(s) 2020. This is an author produced version of a journal article published in Current Directions in Psychological Science. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Decision-making competence, individual differences, cognitive ability |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Decision Research (LUBS) |
Funding Information: | Funder Grant number Riksbankens Jubileumsfond M14-0138:1 |
Depositing User: | Symplectic Publications |
Date Deposited: | 18 Nov 2019 16:23 |
Last Modified: | 20 Apr 2020 17:59 |
Status: | Published |
Publisher: | SAGE Publications |
Identification Number: | 10.1177/0963721420901592 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:153522 |