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Validation study of the Korean version of the Decision Making Style Inventory(K-DMI)

Abstract

The aim of this study is to validate the Korean version of the Decision Making Style Inventory(DMI). The DMI is a 45-item, self-report measure, composed of three subscales, designed to measure an individual’s propensity towards three distinct decision making styles: analytical, intuitive, and regret-based. With a sample of 808 participants, factor analyses confirm that the K-DMI measures three separate latent constructs. Positive and negative correlations between K-DMI scale scores and theoretically relevant scales’ score provide evidence for construct validity of the K-DMI. Furthermore, results show K-DMI scale relates to the use of specific decision making strategies: compensatory decision rules or non-compensatory decision rules. The results of this study indicate that the K-DMI provides reliabld and valid measurements of the degree to which individuals employ analytical, intuitive, and regret-based decision making styles.

keywords
decision making styles, decision making rules, scale validation

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