The effect of information quantity and time spent in military decision making on the degree of risk taking: An analysis via an experimental simulation technique

An experimental simulation is described as a method for measuring and training decision-making by groups under complex conditions and intergroup competition. The method employs a simulation-game including selection of goals, relevance of strategy, risk-taking, consistency, competition, and other potential components. Similarities to a previously described simulation as well as the additional dimensions of the adapted simulation-game are discussed.

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Individual and dyadic continuous risk-based decision making: Changes and differences

Social Behavior and Personality An International Journal ◽

10.2224/sbp.8355 ◽

2019 ◽

Vol 47 (10) ◽

pp. 1-10 ◽

Cited By ~ 1

Author(s):

Yujia Sui ◽

Hongying Tan ◽

Di Li

Keyword(s):

Decision Making ◽

Risk Taking ◽

Risk Preference ◽

Balloon Analogue Risk Task ◽

Degree Of Risk ◽

Successive Loss ◽

Risk Decision

We used the Balloon Analogue Risk Task to study the changes and differences in risk preference between individuals and dyads in successive loss and gain contexts. Regardless of who was making the decision, the degree of risk taking after the first gain was significantly higher than that after the first loss, whereas the degree of risk taking after successive gains was significantly lower than that after successive losses. Further, risk preference increased after successive losses, and the increase was smaller for a dyad than for an individual, meaning the dyad’s decision making was more rational. Participants’ risk preference decreased after successive gains, and the extent of the decrease was larger for a dyad than that for an individual, meaning that individuals’ decision making was more rational. These findings indicate that the rational performance of both individuals and dyads in continuous risk decision making varies according to their gains or losses.

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The Vienna Risk-Taking Test - Traffic

Journal of Individual Differences ◽

10.1027/1614-0001.28.4.198 ◽

2007 ◽

Vol 28 (4) ◽

pp. 198-204 ◽

Cited By ~ 11

Author(s):

Andreas Hergovich ◽

Martin E. Arendasy ◽

Markus Sommer ◽

Bettina Bognar

Keyword(s):

Construct Validity ◽

Personality Trait ◽

Risk Taking ◽

Personality Test ◽

Educational Levels ◽

Item Level ◽

Degree Of Risk ◽

And Gender ◽

Homeostasis Theory

Abstract. The study reports results regarding the dimensionality and construct validity of a newly developed, objective, video-based personality test that assesses the willingness to take risks in traffic situations. On the basis of the theory of risk homeostasis developed by Wilde, different traffic situations with varying degrees of objective danger were filmed. During the test the respondents are asked to indicate at which point the action that is contingent on the described situation will become too dangerous to carry out. Latencies at the item level were recorded as a measure for the subjectively accepted degree of a person's willingness to take risks in the sense of the risk homeostasis theory by Wilde. In a study on 274 people with different educational levels and gender, the unidimensionality of the test as corresponding to the latency model by Scheiblechner was investigated. The results indicate that the Vienna Risk-Taking Test - Traffic assesses a unidimensional, latent personality trait that can be interpreted as subjectively accepted degree of risk (target risk value).

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