Simulation of risk-taking and it relationship with personality

Young, Susan; Gudjónsson, Gisli H.; Carter, Philippa; Terry, Rachel; Morris, Robin G.

doi:10.1016/j.paid.2012.03.014

Cited by 41 publications

(47 citation statements)

References 23 publications

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“…Our findings are in line with a similar study performed by Young, Gudjonsson, Carter, Terry and Morris (2012) who used BART and also found that a clinical group (delinquents) made less pumps T than a control group.…”

Section: Discussionsupporting

confidence: 93%

Balloon analogue risk task to assess decision-making in acquired brain injury

Balaguero

Jódar

2016

Int. j. psychol. res.

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Introduction: Although impairment in decision-making is a frequent consequence of frontal lobe injury, few instruments evaluate decision-making in patients with acquired brain injury (ABI). Most are difficult to use and require a well-preserved ability of complex verbal comprehension and executive functions. We propose the Balloon Analogue Risk Task (BART) as an alternative instrument to evaluate decision-making in ABI. Material and Methods: Balloon Analogue Risk Task (BART) and Iowa Gambling Task (IGT) were administered to a clinical group of 30 patients with ABI and to a control group of 30 healthy participants; comparative study to assess possible differences in the results obtained; analysis to determine a possible correlation between the two tests between groups. Results: The results showed that BART is a sensitive instrument to detect differences in performance between a control group and a group of patients with ABI, p < .001, 95 % CI =537.21-1575.46, but do not correlate with IGT, p = .524, rab.c = ‒.134. Conclusions: Although IGT and BART were both designed to assess decision-making, the results obtained in our study show that the scores obtained by patients with ABI on both tests do not correlate. This clearly proves that IGT and BART measure different aspects of decision-making.

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Section: Discussionsupporting

confidence: 93%

Balloon analogue risk task to assess decision-making in acquired brain injury

Balaguero

Jódar

2016

Int. j. psychol. res.

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“…In a study by Young et al in 2012, it was found that the Risk-Taking Scale (RTS) correlated significantly with impulsivity and venturesomeness in the BART [ 5 ]. In a study by Benjamin and Robbins in 2007, sensation-seeking scores were significantly correlated with scores on the BART [ 6 ].…”

Section: Reviewmentioning

confidence: 99%

“…The participant’s age and ethnicity approached the conventional levels of statistical significance (Qs=2.47 and 2.60; dfs=1; ps=0.08 and 0.07), showing that the effect size trend tended to increase with participant’s age and with a greater representation of ethnic minorities. An RTS of the extent of the risk-taking behaviour was correlated negatively with social desirability and positively with impulsiveness and venturesomeness [ 5 ]. Whether someone has a high risk-taking coefficient will affect the attractiveness factor, they might view a potential winning as bigger than it really is.…”

Section: Reviewmentioning

confidence: 99%

Personality and Genetics Correlations to Risk-Taking Using Quantum Decision Theory in Balloon Analogue Risk Tasks

Weidlich

2020

Cureus

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Genetics and personality can be determined and assessed in individuals, which can be used to predict behaviours in large groups and possibly individually. This report will describe how to use quantum decision theory (QDT) to predict these behaviours. Genetics and personality correlations to risk-taking using QDT in balloon analogue risk tasks (BART) will be covered in this report. The areas of theory covered will be BART, QDT, QDT in BART, personality correlations to risk-taking in BART, genetic correlations to risk-taking in BART, the models used in these theories and a presentation of new models to use these theories together. This article reviews many other primary research articles, which analyses the correlation between genetics/personality and risk-taking behaviour in BART. This report provides models that use impulsivity, venturesomeness, and genetic traits with QDT, to probabilistically predict decisions in risk-taking behaviour.

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“…Personality can be defined as "The way an individual interacts, reacts and behaves with others and is often exhibited through measurable traits" (Young et al 2012;Kourtidis et al 2011). Because of the development of personal memories, attitudes, values, skills, habits and social relationship, individuals shown different personality traits (Mischel & Shoda, 2004).…”

Section: Personality Typementioning

confidence: 99%

The Relationship of Investor’s Demographic Traits and Personality Type with Financial Risk Tolerance in Investment Decisions.

Sadiq¹,

Akhtar

2019

SIJMB

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With an assorted sample of customers from various banks of Pakistan, the authors tried to establish relationship of investor’s demographic traits and personality type with financial risk tolerance during the choice of investment. Results provide sustenance for the projected hypotheses such as investor’s age, income, financial knowledge, family size, occupation and academic qualification has association with financial risk tolerance capability.Investors doing service in an organization tolerate more risk as compare to the investor having their own business. However, Investors marital status and gender has no effect on financial risk tolerance. Investor either married or unmarried showed similar attitude toward financial risk tolerance. Empirical results also provide evidence that investors having type A personality are more financial risk taker as compare to type B personality.

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Simulation of risk-taking and it relationship with personality

Cited by 41 publications

References 23 publications

Balloon analogue risk task to assess decision-making in acquired brain injury

Balloon analogue risk task to assess decision-making in acquired brain injury

Personality and Genetics Correlations to Risk-Taking Using Quantum Decision Theory in Balloon Analogue Risk Tasks

The Relationship of Investor’s Demographic Traits and Personality Type with Financial Risk Tolerance in Investment Decisions.

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