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Group Decision-Making on an Optimal Stopping Problem
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Lee, Michael D.; Paradowski, Michael J. – Journal of Problem Solving, 2007
We consider group decision-making on an optimal stopping problem, for which large and stable individual differences have previously been established. In the problem, people are presented with a sequence of five random numbers between 0 and 100, one at a time, and are required to choose the maximum of the sequence, without being allowed to return…
Descriptors: Participative Decision Making, Problem Solving, Individual Differences, Comparative Analysis