Hello Mr. Parameswaranaik,

SInce 1980s multiple scales have been proposed to measure decision making style specifically. GDMS (General Decision Making Style; Scott & Bruce, 1995) was created GDMS as a response to “the lack of generally available, psychometrically sound instrument for measuring decision style.” Doing my research I found out that it is the most used instrument to assess DMS. One problem with this instrument is that correlations among the sub-scales of the GDMS imply that the decision making styles are not mutually exclusive.

One alternative to GDMS would be Decision Style Inventory (Rowe & Mason, 1987) which consists of 20 scenario-based items that determine the relative propensity to make use of four decision making styles. With this instrument researchers can classify respondents into 4 decision making styles, distinguish between those with leader or manager orientation, left-brainers or right-brainers.

Since your unit of analysis is the student, you may want to specify what dimension you want to measure (career intentions, cognitive style) and adopt the instrument that is more appropriate.

Cordially,

Gentrit

Dear Sir,

I should put your intention to the simple question on "Willongness to take risks" scaled from 0 through 10. See summary in my papaer "Homo Neuroeconomicus - a neuroeconomic review of fMRI of Economic Choice" (IJUHD 20170(1)). The paper has further reference to this scale.

Best wishes

Torben Larsen

Before undertaking several studies of decision making styles, we compared 4 different instruments, including the 2 that Gentrit mentions. We eventually decided to use Rowe's Decision Styles Inventory in research that has been presented to the Academy of Management (2001) and published in Decision Support Systems journal (2007). I hope this helps.