Measures the individual tendency to maximise — to seek the best possible option by considering all alternatives — versus satisfice — to settle for a good enough option that meets a minimum threshold. Maximisers conduct more extensive pre-purchase information searches, consider more alternatives, spend more time deciding, experience more post-decision regret and counterfactual thinking, and are less satisfied with their choices than satisficers despite often achieving objectively better outcomes. The paradox of choice thesis holds that maximising behaviour — increasingly enabled by digital comparison platforms and endless product variety — reduces wellbeing by raising expectations and regret. Foundational to research on consumer choice overload, decision fatigue, online product search, and the relationship between variety and satisfaction.
Schwartz, B., Ward, A., Monterosso, J., Lyubomirsky, S., White, K., & Lehman, D.R. (2002). Maximizing versus satisficing: Happiness is a matter of choice. Journal of Personality and Social Psychology, 83(5), 1178–1197.
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