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Correlates of risky decision-making

T G Plax, L B Rosenfeld

    Journal of Personality Assessment
    |August 1, 1976
    PubMed
    Summary

    Researchers identified a stable personality pattern linked to risky decision-making. This dynamic, task-oriented profile aids in predicting behavior across various situations, offering a valuable framework for future research.

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    Area of Science:

    • Psychology
    • Behavioral Science
    • Decision Science

    Background:

    • Understanding the psychological underpinnings of risk-taking behavior is crucial for predicting choices in diverse scenarios.
    • Previous research has explored factors influencing decision-making, but a comprehensive personality pattern for risk assessment remains an area for development.

    Purpose of the Study:

    • To develop and validate a personality pattern for explaining and predicting risky behavior.
    • To identify specific personality traits associated with riskiness in decision-making.

    Main Methods:

    • Administered a battery of psychological examinations to 240 subjects.
    • Subjects responded to three adapted Kogan and Wallach Choice Dilemma Problems.
    • Utilized correlational, factor analytic, and stepwise multiple regression analyses.

    Main Results:

    • A stable personality index was identified, characterizing individuals who exhibit riskiness in decision-making.
    • Key variables contributing to this pattern included traits of a dynamic, task-oriented individual.
    • The developed personality pattern demonstrated utility in explaining and predicting risky choices.

    Conclusions:

    • The study successfully established a personality index for understanding risky decision-making.
    • This framework provides a foundation for future research in prediction and behavioral analysis.
    • The findings highlight the importance of dynamic, task-oriented traits in risk assessment.

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