The first, which underlies much of economic analysis, presupposes that the decision maker has made a rational choice by considering preferences that do not depend on the specific methods to elicit them or on the particular description of the options. Two approaches can analyze decision making: normative and descriptive.
First, decision making involves making a choice from a number of options, resources, opportunities second, decision making is dynamic, involves a number of factors and sub-processes thirdly, the “desired result” involves a purpose or target resulting from the mental activity that the decision maker engages in to perform the choice. At the theoretical level, decision making is a process of making a choice from a number of alternatives to achieve a desired result (Eisenfuhr, 2011). The application impact of these studies is of enormous importance since decision-making processes are transversal to multiple and various contexts, including, for example, the medical, political-economic, organizational, and business fields. Discussion suggests directions for future research on naturalistic decision making.ĭecision making is studied by multiple disciplines, from statistics (Stine et al., 2011) to psychology (Beach & Connolly, 2005) to economics (Stolyarov et al., 2019). Lastly, satisfaction in life choices is partially predicted by the involvement of cognitive systems and individual differences, with different predictors emerging across life areas. By conducting a cross-sectional study on 188 participants’ recall of selected life decisions (in the sentimental and work life areas) we found that System 1 is more involved than System 2 in sentimental choices while the opposite happens for work ones.
The aim of this study is threefold: to analyze (1) whether people rely mainly on intuitive or rational processing (System 1 or 2) when making life choices (2) whether some characteristics of recalled life choices (e.g., difficulty in making the decision) differ between life areas (sentimental and work contexts) (3) whether personality traits and System 1 or 2 utilization may predict final satisfaction in life choices. However, research on decision making focuses more on abstract dilemmas than on decision making. People often make life choices that will affect their future (e.g.
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