Money Investments in Decision-Making: Findings Lab Report

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While time did not have an incredibly large impact on the decisions made by respondents according to the instrument there was a statically significant change that calls for further research with larger populations to be undertaken. It is also possible that the specific creation and presentation of the scenarios included in the instrument had some level of influence on the results, as there are other considerations that are at play in each of the scenarios -- most importantly, the additional time required to change the course of action, which is distinct and wholly separate from the sunk-costs associated with the original course of action -- and this combined with the other design issues noted above and the lack of strong and clear determinations of mean differences means that the results of this research are ultimately inconclusive.

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Conclusion

While the results of this research might not be entirely conclusive, they do help to define certain areas for further research. Undertaking this research could help shed light on how decisions are made, how time is perceived, and even on the real value of time to different people with varying psychological tendencies. The development of more careful and specific instruments will be necessary to accomplish this......

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Latest APA Format (6th edition)

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"Money Investments In Decision-Making Findings" (2011, November 28) Retrieved May 21, 2025, from
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"Money Investments In Decision-Making Findings" 28 November 2011. Web.21 May. 2025. <
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"Money Investments In Decision-Making Findings", 28 November 2011, Accessed.21 May. 2025,
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