Project: Decision-making competence

Contact: Wändi Bruine de Bruin, PhD

Past research into decision-making has shown that people (on average) systematically depart from optimal decision making. We have developed a measure of individual differences in the quality of people's decision making, called Decision-Making Competence (DMC). This measure includes tasks common to the decision-making literature, including risk perception and risk-taking preferences. DMC has been shown to be related to reports of risk behavior among teens (Parker & Fischhoff, JBDM, 2005) and to decision outcomes experienced by adults, even after controlling for general cognitive ability and socio-economic status (Bruine de Bruin, Parker, & Fischhoff, JPSP, 2007).

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