Document Type
Article
Publication Date
6-1-2008
Published In
Judgment And Decision Making
Abstract
We conducted an analysis of the 13-item Maximization Scale (Schwartz et al., 2002) with the goal of establishing its factor structure, reliability and validity. We also investigated the psychometric properties of several proposed refined versions of the scale. Four sets of analyses are reported. The first analysis confirms the 3-part factor structure of the scale and assesses its reliability. The second analysis identifies those items that do not perform well on the basis of internal, external, and judgmental criteria, and develops three shorter versions of the scale. In the third analysis, the three refined versions of the scale are cross-validated to confirm dimensionality, reliability, and validity. The fourth analysis uses an experiment in an investment decision making context to assess the reliability and nomological validity of the refined scales. These analyses lead us to conclude that a shorter, 6-item Maximization Scale performs best and should be used by future researchers. It is hoped that clarification of the conceptual underpinnings of the maximization construct and development of a refined scale will enhance its use among researchers across several
Recommended Citation
G. Y. Nenkov, M. Morrin, Andrew Ward, Barry Schwartz, and J. Hulland.
(2008).
"A Short Form Of The Maximization Scale: Factor Structure, Reliability And Validity Studies".
Judgment And Decision Making.
Volume 3,
Issue 5.
371-388.
https://works.swarthmore.edu/fac-psychology/6
Comments
This work is freely available courtesy of the Society for Judgment and Decision Making.