Questions and Answers
What influences people's likelihood of engaging in a risky activity?
How is the perceived risk of an activity typically measured?
What are some of the decisions older adults face according to the text?
How is risk perception related to risk-taking propensity?
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What type of scale is used in assessing risky dilemmas according to the text?
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What factor influences people's decision-making regarding risky dilemmas?
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In a choice dilemma involving a medical operation with potential fatal outcomes, what influences the decision-making process according to the text?
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Which scale measures risk taking propensity in five life domains?
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What does the Risk Sensitivity Theory suggest about older and younger adults' risk-taking behavior?
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What can reduce the age difference in risk-taking behavior according to the text?
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Which task has been used to study age differences in risk-taking behavior?
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In which life domain do age-related trends show a slight increase in risk-taking behavior in middle age?
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What is the attitude of older adults towards risky driving practices compared to younger adults?
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What may influence risk-taking propensity according to the text?
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What do computer-based tasks like BART and IGT indicate about older adults' risk-taking behavior at the early stages of the tasks?
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Study Notes
- Older adults are more risk-averse than younger adults (Kogan & Wallach, 1964)
- Risk tolerance measures the extent to which an individual is willing to accept risks for potential rewards (Self-report scale designed by Kogan & Wallach)
- Attitudes towards risky driving practices differ between older and younger adults, with older adults agreeing less with statements indicating risk-taking behavior (Turner & McClure, 2003)
- The Domain Specific Risk Taking scale (DOSPERT) measures risk taking propensity in five life domains: Financial, Health, Ethical, Recreational, and Social
- Across studies, self-reported risk taking propensity or willingness to take risks decreases with age (Weber et al., 2002; Rolison et al., 2014; König, 2021)
- Age-related trends in risk taking propensity differ across domains, with reductions in financial, ethical, and health domains as age increases, and a slight increase in social risk taking in middle age (Weber et al., 2002; Rolison et al., 2014; Liu, 2023)
- Risk sensitivity theory suggests that older adults have accumulated resources and are no longer in a state that requires taking risks, and that younger adults take more risks to gain access to resources and mating partners (König, 2021)
- Computer-based tasks, such as the Balloon Analogue Risk Task (BART) and the Iowa Gambling Task (IGT), have been used to study age differences in risk taking behavior (Liu, 2023)
- Older adults take fewer risks than younger adults in the early stages of tasks like BART and IGT, and are less certain of their choices, possibly due to impaired executive processes (Liu, 2023)
- Explicit information about the potential risks and rewards of choices can reduce the age difference in risk taking behavior (Liu, 2023)
- Older adults may make more risk taking mistakes in uncertain situations when learning demands are high (Liu, 2023)
- Risk taking propensity may be influenced by factors such as experience, explicit information, and ambiguity (Liu, 2023).
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Description
Test your knowledge on risk taking in adulthood, including factors such as defining risk outcome variability, probability of negative outcomes, and risk-taking propensity influenced by risk perception.
