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Faith in Intuition and Confidence Level as Determinants of Regret Intensity Following Decision Outcomes

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2005, Master of Science (MS), Ohio University, Experimental Psychology (Arts and Sciences).
Finding regarding “first instinct fallacy”, the tendency to overestimate the effectiveness of sticking with an initial answer, reveals that changing a correct answer to an incorrect answer produces more regret than failing to change an incorrect answer to a correct answer. The current research examines whether emotional responses to outcomes stemming from decisions to switch from versus stick with an initial decision are moderated by individual differences in processing styles. After completing the Rational-Experiential Inventory, participants answered general knowledge questions. Following the initial response and initial confidence rating for each question, participants received consensus information after which they were given an opportunity to stick with or switch from their initial answer prior to their final confidence ratings. Following the veridical outcome feedback, participants rated their emotions. Individual differences did not reveal any significant finding in behavioral tendencies and the amount of regret experienced. Participants reported significantly more regret from their nonswitches that were disagreed by the majority. The implications and the limitations of the current study are discussed.
Keith Markman (Advisor)
64 p.

Recommended Citations

Citations

  • Ozmen, F. (2005). Faith in Intuition and Confidence Level as Determinants of Regret Intensity Following Decision Outcomes [Master's thesis, Ohio University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=ohiou1133904758

    APA Style (7th edition)

  • Ozmen, Figen. Faith in Intuition and Confidence Level as Determinants of Regret Intensity Following Decision Outcomes. 2005. Ohio University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=ohiou1133904758.

    MLA Style (8th edition)

  • Ozmen, Figen. "Faith in Intuition and Confidence Level as Determinants of Regret Intensity Following Decision Outcomes." Master's thesis, Ohio University, 2005. http://rave.ohiolink.edu/etdc/view?acc_num=ohiou1133904758

    Chicago Manual of Style (17th edition)