ABSTRACT
Research by Yates, Veinott, and Patalano (2003) took a very direct approach to assessing decision quality by simply asking participants to think about two good and two bad decisions they had made in the past year. The participants, who were university undergraduates, had to rate the decisions on scales of ‘quality’ (goodness/badness) and ‘importance’, in both cases making the judgments ‘relative to all the important decisions you have ever made’. An impact score was then calculated by multiplying the importance and quality ratings, and further information was elicited about the two decisions (one bad and one good) with the highest impact scores.
