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Competence and Quality in Real-Life Decision Making

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  • Martin Geisler
  • Carl Martin Allwood

Abstract

What distinguishes a competent decision maker and how should the issue of decision quality be approached in a real-life context? These questions were explored in three studies. In Study 1, using a web-based questionnaire and targeting a community sample, we investigated the relationships between objective and subjective indicators of real-life decision-making success. In Study 2 and 3, targeting two different samples of professionals, we explored if the prevalent cognitively oriented definition of decision-making competence could be beneficially expanded by adding aspects of competence in terms of social skills and time-approach. The predictive power for each of these three aspects of decision-making competence was explored for different indicators of real-life decision-making success. Overall, our results suggest that research on decision-making competence would benefit by expanding the definition of competence, by including decision-related abilities in terms of social skills and time-approach. Finally, the results also indicate that individual differences in real-life decision-making success profitably can be approached and measured by different criteria.

Suggested Citation

  • Martin Geisler & Carl Martin Allwood, 2015. "Competence and Quality in Real-Life Decision Making," PLOS ONE, Public Library of Science, vol. 10(11), pages 1-22, November.
  • Handle: RePEc:plo:pone00:0142178
    DOI: 10.1371/journal.pone.0142178
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    References listed on IDEAS

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    3. repec:cup:judgdm:v:2:y:2007:i::p:342-350 is not listed on IDEAS
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