Abstract
In process‐tracing studies, a frequently used index describes whether information selection behavior is attribute — or alternativewise. The performance of this index is investigated under the assumption that subjects select information in a random fashion. The results show that the index may lead to inaccurate conclusions regarding the information‐acquisition strategy of a subject. In addition, a Monte Carlo study is conducted that examines the sensitivity of the index to strategy changes. An alternative index is derived and a latent‐class model is proposed for a parsimonious representation of individual differences in information acquisition.
Original language | English (US) |
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Pages (from-to) | 103-117 |
Number of pages | 15 |
Journal | Journal of Behavioral Decision Making |
Volume | 7 |
Issue number | 2 |
DOIs | |
State | Published - Jun 1994 |
Keywords
- Information acquisition
- Multi‐attribute decisions
- Process tracing
ASJC Scopus subject areas
- General Decision Sciences
- Arts and Humanities (miscellaneous)
- Applied Psychology
- Sociology and Political Science
- Strategy and Management