Quantifying the cost of decision fatigue: suboptimal risk decisions in finance.

3 The four dummy variables for seniority level were all highly significant ( p < 0.001).

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Seventeen credit officers had a highly significant idiosyncratic effect ( p < 0.001), eight had a weakly significant or insignificant idiosyncratic effect (four degrees of freedom were consumed by the seniority dummies, hence only 25 idiosyncratic effects remained in total). 3.3.

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This work, therefore, adds to the growing evidence that in ecologically valid and practically significant situations decision quality can suffer [ 6 , 8 – 12 ].

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