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Psychology

Western Michigan University

Theses/Dissertations

2018

Assessment

Master's Theses

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A Parametric Analysis Of Choice Under Risk, David W. Sottile Aug 2018

A Parametric Analysis Of Choice Under Risk, David W. Sottile

Master's Theses

Accurate assessment of risk propensity is important because risky choices underlie a broad range of behavioral problems. The Balloon Analogue Risk Task (BART) is an assessment that measures propensity to engage in risky choice. While this is a useful assessment, the BART changes two variables that affect risky choice simultaneously, probability of an undesirable outcome and stake size, which cannot be separated within the context of the BART. The goal of this study was to evaluate the separate and combined effects of key factors that are likely to risky choice (Magnitude of payoff, probability of an undesirable outcome, and stake ...