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Maximizing Versus Satisficing: Negative Correlation Between Maximizing Attitude and School Domain Satisfaction

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  • Edsel L. Beja Jr.

Abstract

The study uses a projection method to identify maximizing and satisficing individuals in a sample of college students from the Philippines. The study defines a maximizing individual as one who sketches a full glass that is filled up to the brim and a satisficing individual as one who sketches a full glass that is filled below the brim. The study also uses data on school domain satisfaction of the college students. The analysis finds that individuals who maximize also experience lower school domain satisfaction. JEL Classifications : I31, C91

Suggested Citation

  • Edsel L. Beja Jr., 2019. "Maximizing Versus Satisficing: Negative Correlation Between Maximizing Attitude and School Domain Satisfaction," The American Economist, Sage Publications, vol. 64(1), pages 95-101, March.
    • Handle: RePEc:sae:amerec:v:64:y:2019:i:1:p:95-101
    DOI: 10.1177/0569434518792681
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    References listed on IDEAS

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    1. Daniel Kahneman & Peter P. Wakker & Rakesh Sarin, 1997. "Back to Bentham? Explorations of Experienced Utility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 375-406.
    2. van Praag, B. M. S. & Frijters, P. & Ferrer-i-Carbonell, A., 2003. "The anatomy of subjective well-being," Journal of Economic Behavior & Organization, Elsevier, vol. 51(1), pages 29-49, May.
    3. Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
    4. Edsel Beja, 2015. "The Focusing Illusion and Happiness: Evidence Using College Basketball Championship," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 121(3), pages 873-885, April.
    5. Edsel Beja & David Yap, 2013. "Counting Happiness from the Individual Level to the Group Level," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(2), pages 621-637, November.
    6. Rafael Di Tella & Robert MacCulloch, 2006. "Some Uses of Happiness Data in Economics," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 25-46, Winter.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    drawing; maximizing; satisficing; school domain satisfaction;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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