The Short Maximization Inventory

J 2018

The Short Maximization Inventory

ĎURINÍK, Michal, Jakub PROCHÁZKA and Hynek CÍGLER

Basic information

Original name

The Short Maximization Inventory

Authors

ĎURINÍK, Michal (703 Slovakia, belonging to the institution), Jakub PROCHÁZKA (203 Czech Republic, guarantor, belonging to the institution) and Hynek CÍGLER (203 Czech Republic, belonging to the institution)

Edition

Judgment and Decision Making, Tallahassee (FL, USA), Society for Judgment and Decision Making, 2018, 1930-2975

Other information

Language

English

Type of outcome

Article in a journal

Field of Study

50204 Business and management

Country of publisher

United States of America

Confidentiality degree

is not subject to a state or trade secret

References:

full-text (online)

Impact factor

Impact factor: 2.253

RIV identification code

RIV/00216224:14560/18:00102240

Organization unit

Faculty of Economics and Administration

DOI

http://dx.doi.org/10.1017/S1930297500008871

UT WoS

000423735500010

Keywords in English

maximization; Maximization Inventory; scale shortening; Short Maximization Inventory

Abstract

V originále

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.

Links

MUNI/A/1021/2015, interní kód MU

Name: Behaviorálně ekonomické experimenty v marketingu a managementu

Investor: Masaryk University, Category A

Files attached

The_short_maximization_full_text.pdf

Request the author's version of the file

Durinik_2018_SMI.pdf

Cite

ĎURINÍK, Michal, Jakub PROCHÁZKA and Hynek CÍGLER. The Short Maximization Inventory. Judgment and Decision Making. Tallahassee (FL, USA): Society for Judgment and Decision Making, 2018, vol. 13, No 1, p. 123-136. ISSN 1930-2975. Available from: https://dx.doi.org/10.1017/S1930297500008871.

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   article_location = {Tallahassee (FL, USA)},
   article_number = {1},
   doi = {http://dx.doi.org/10.1017/S1930297500008871},
   keywords = {maximization; Maximization Inventory; scale shortening; Short Maximization Inventory},
   language = {eng},
   issn = {1930-2975},
   journal = {Judgment and Decision Making},
   title = {The Short Maximization Inventory},
   url = {http://journal.sjdm.org/17/17911/jdm17911.pdf},
   volume = {13},
   year = {2018}
}

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N2  - 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.
ER  -

ĎURINÍK, Michal, Jakub PROCHÁZKA and Hynek CÍGLER. The Short Maximization Inventory. \textit{Judgment and Decision Making}. Tallahassee (FL, USA): Society for Judgment and Decision Making, 2018, vol.~13, No~1, p.~123-136. ISSN~1930-2975. Available from: https://dx.doi.org/10.1017/S1930297500008871.

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