The Short Maximization Inventory
| Authors | |
|---|---|
| Year of publication | 2018 |
| Type | Article in Periodical |
| Magazine / Source | Judgment and Decision Making |
| MU Faculty or unit | |
| Citation | |
| Web | full-text (online) |
| Doi | http://dx.doi.org/10.1017/S1930297500008871 |
| Field | Economy |
| Keywords | maximization; Maximization Inventory; scale shortening; Short Maximization Inventory |
| Attached files | |
| Description | We developed the Short Maximization Inventory (SMI) by shortening the M aximization Inventory (Turner, Rim, Betz & Nygren, 2012) from 34 items to 15 items. Using the Item Response Theory framework, we identified and removed the items of the Maximization Inventory that contributed least to the performance of the original scale. The construct validity assessed for SMI is similar to the full MI and is in line with the predictions from the literature: the Satisficing subscale is positively related to the indices of well-being, while the Decision Difficulty and Alternative Search subscales are negatively related to well-being. The new scale retains the good psychometric properties of the original scale. Furthermore, its brevity allows researchers to use the scale in studies in which maximization is not the primary focus. Although the SMI lacks the “High Standards” subscale, as did the original MI, we believe that SMI is a step towards developing a reliable and conceptually sound measure of maximizing that can be used in various research designs. |
| Related projects: |