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Information processing, situation specificity, and the generality of risk-taking behavior.

By: Contributor(s): Material type: TextTextLanguage: ENG Publication details: MAY 1971Description: 20 p. : illReport number: N00014-68-C-0431; Nr-153-311; AD 727149Subject: An effort was made to construct two structurally similar risk-taking tasks in order to evaluate inter-task consistency of individual differences. Only the mode of response differed between tasks. A measure of the subject's preferences for 'long-shot' gambles was obtained from each response. Reliable individual differences were found for each measure. The inter-measure correlation was relatively low considering the high degree of similarity between tasks. Information-processing considerations may be one important component of the situation specificity prevalent in risk-taking behaviour. These results imply that high correlations are unlikely between risk-taking measures in structurally different settings or between risk-taking and other behaviours.
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An effort was made to construct two structurally similar risk-taking tasks in order to evaluate inter-task consistency of individual differences. Only the mode of response differed between tasks. A measure of the subject's preferences for 'long-shot' gambles was obtained from each response. Reliable individual differences were found for each measure. The inter-measure correlation was relatively low considering the high degree of similarity between tasks. Information-processing considerations may be one important component of the situation specificity prevalent in risk-taking behaviour. These results imply that high correlations are unlikely between risk-taking measures in structurally different settings or between risk-taking and other behaviours.

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