Article: A new instrument for the rational and intuitive decision-making styles - RIDMS Journal: International Journal of Economics and Business Research (IJEBR) 2025 Vol.29 No.11 pp.31 - 51 Abstract: Intuition is universally recognised as a prevalent decision-making approach across various research domains, encompassing intricate, interconnected, multi-faceted, and interdisciplinary concepts. An integrated framework that effectively combines and consolidates various approaches is currently missing when implementing intuitive decision-making. The main purpose of this paper is to develop a new and comprehensive measurement instrument embracing a variety of styles by using existing and new items in the literature. Data were collected via a convenience sampling method from employees (n = 212 for study 1 and n = 530 for study 2) working in different organisations in Germany. The explanatory and confirmatory factor analyses, internal consistencies, concurrent and predictive validities, and discriminant analysis were calculated for the validity and reliability of the measurement instrument. The findings indicate that the ten-dimensional decision-making style (RIDMS) serves as a valid and reliable measuring tool for assessing different individual preference tendencies in future studies. Inderscience Publishers - linking academia, business and industry through research

Title: A new instrument for the rational and intuitive decision-making styles - RIDMS

Authors: Markus A. Launer; Fatih Çetin

Addresses: Faculty of Trade and Social Work, Ostfalia University of Applied Sciences, Ostfalia Hochschule für angewandte Wissenschaften, Hochschule Braunschweig/Wolfenbüttel Campus Suderburg, Herbert-Meyer-Str. 7, Raum H13, D-29556 Suderburg, Germany ' Department of Business Administration, Baskent University, Baglica Kampusu Fatih Sultan Mahallesi, Universite Caddesi No. 42/1 TR 06790, Etimesgut Ankara, Turkey

Abstract: Intuition is universally recognised as a prevalent decision-making approach across various research domains, encompassing intricate, interconnected, multi-faceted, and interdisciplinary concepts. An integrated framework that effectively combines and consolidates various approaches is currently missing when implementing intuitive decision-making. The main purpose of this paper is to develop a new and comprehensive measurement instrument embracing a variety of styles by using existing and new items in the literature. Data were collected via a convenience sampling method from employees (n = 212 for study 1 and n = 530 for study 2) working in different organisations in Germany. The explanatory and confirmatory factor analyses, internal consistencies, concurrent and predictive validities, and discriminant analysis were calculated for the validity and reliability of the measurement instrument. The findings indicate that the ten-dimensional decision-making style (RIDMS) serves as a valid and reliable measuring tool for assessing different individual preference tendencies in future studies.

Keywords: decision-making styles; intuitive decision-making; rational decision-making; validity and reliability.

DOI: 10.1504/IJEBR.2025.145706

International Journal of Economics and Business Research, 2025 Vol.29 No.11, pp.31 - 51

Received: 05 Aug 2024
Accepted: 01 Mar 2025
Published online: 15 Apr 2025 *

Title: A new instrument for the rational and intuitive decision-making styles - RIDMS

Keep up-to-date