Maximizing versus satisficing: Happiness is a matter of choice.

2002· article· en· 1,332 citations· W4250042789 on OpenAlex· 10.1037/0022-3514.83.5.1178

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Abstract

Can people feel worse off as the options they face increase? The present studies suggest that some people--maximizers--can. Study 1 reported a Maximization Scale, which measures individual differences in desire to maximize. Seven samples revealed negative correlations between maximization and happiness, optimism, self-esteem, and life satisfaction, and positive correlations between maximization and depression, perfectionism, and regret. Study 2 found maximizers less satisfied than nonmaximizers (satisficers) with consumer decisions, and more likely to engage in social comparison. Study 3 found maximizers more adversely affected by upward social comparison. Study 4 found maximizers more sensitive to regret and less satisfied in an ultimatum bargaining game. The interaction between maximizing and choice is discussed in terms of regret, adaptation, and self-blame. (PsycINFO Database Record (c) 2013 APA, all rights reserved)(journal abstract)

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The record

Venue: Journal of Personality and Social Psychology
Topic: Psychological Well-being and Life Satisfaction
Field: Psychology
Canadian institutions: University of British Columbia
Funders: Social Sciences and Humanities Research Council of CanadaSwarthmore College
Keywords: SatisficingHappinessPsychologySocial psychologyEconomicsMicroeconomics
Has abstract in OpenAlex: yes
API: /api/v1/works/W4250042789