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DECISION FLEXIBILITY AND PERCEIVED INFORMATION VALUE *
Author(s) -
Hilton Ronald W.,
Swieringa Robert J.
Publication year - 1982
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1982.tb00156.x
Subject(s) - flexibility (engineering) , value (mathematics) , perception , value of information , individualism , psychology , group decision making , social psychology , knowledge management , computer science , statistics , mathematics , economics , artificial intelligence , machine learning , neuroscience , market economy
This paper reports the results of an experiment that examined the effects of information evaluators' perceptions of decision flexibility as a determinant of information value. This study suggests that subjects fall into relatively distinct groups that are differentiated by the group members' perceptions of the directionality as well as the magnitude of the effect of decision flexibility on information value. Moreover, subjects' misperceptions of information value reflect individualistic models of information evaluation.