#3321. Assessing the validity of three tasks of risk-taking propensity

July 2026publication date
Proposal available till 18-05-2025
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Journal’s subject area:
Sociology and Political Science;
Arts and Humanities (miscellaneous);
Strategy and Management;
Applied Psychology;
Decision Sciences (all);
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Abstract:
Risk-taking propensity is a general personality disposition that has been studied using survey, behavioral, and cognitive modeling approaches, but the consistency and informativeness of the data across these approaches is rarely compared. To address this issue, we compared three behavioral tasks (BART, C-ART, and S-ART) designed to measure risk-taking propensity by correlating measures from both the behavioral and modeling approaches with responses on scales assumed to relate to risk-taking, and risk aversion. Results show that both the behavioral measure and the model parameter in the C-ART and the S-ART positively correlated with impulsivity and sensation seeking, with the behavioral measure showing a slight advantage. The findings indicate that these tasks, all of which claim to measure risk-taking propensity, vary in their abilities to measure different aspects of risk-taking propensity. Current computational models do not yet suffice as an additional index of risk-taking propensity.
Keywords:
Angling Risk Task; Balloon Analogue Risk Task; Bayesian analysis; computational modeling; decision-making under uncertainty; risk-taking propensity

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