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Flashcards

Risk Taking

cjjstone English 16 cards

Cards in this deck (16)

  1. 1Base jumping Positive, negative reinforcement? Punishment?positive reinforcement - Adrenalin
    Negative reinforcement - removal of the pre-jump anxiety
    Punishments - injury, arrested, death
  2. 2Financial investment Positive reinforcement? Punishment?Positive reinforcement - financial return
    Punishment - losing heaps of money
  3. 3Risk sensitivityWhether an organism chooses a variable option or a fixed option when given the choice between the two
  4. 4Risk AversePreferring the fixed option over the variable option
  5. 5Risk PronePreferring the variable option over the fixed option
  6. 6Risk NeutralNo preference
  7. 7Probabilistic discountingcertain outcome vs. uncertain outcome. Much the same as delayed discounting. A decrease in value as the probability decreases.
  8. 8Testing the probability discounting in the lab? experimental analogueGive a choice between certain (A) and uncertain (B).
    A: $500 p=1
    B: $1000 p=.5, $0 p=.5
  9. 9Difference between humans and animals?Humans are more risk averse.
  10. 10Energy-Budget models of risky choiceRule predicts organisms will choose between certain and uncertain options in such a ways as to minimise the chances of an energy short fall
  11. 11Postive energy budgetWhen reserves of food are high or the mean food available is sufficient to meet energy requirements
  12. 12Negative energy budgetWhen reserves of food are low or the mean food available is not sufficient to meet energy requirements
  13. 13Energy-Budget experimental analogueCaraco, Martindale, & Whittam
    Yellow eyed juncos
    A: Fixed amount of food - certain option
    B: Variable amount of food - uncertain
    When deprived of food for one hour (still positive energy budget) then juncos preferred A.
    When deprived of food for 4 hours (negative energy budget) the juncos preferred B.
    This was because in a negative budget site A is not enough to meet requirements and only B offers the possible chance of a satiation of needs.
  14. 14Examples of energy budgets in humans?Heroin addicts
    Business survival
    Businesses become more risk prone when in negative energy budgets (when about to go financially under)
  15. 15What constitutes gambling?Wagering something of value on an event with an unpredictable outcome
  16. 16Five levels of gamblersNon-gamblers
    Non-problematic gamblers
    Gamblers with sub-clinical levels of gambling problems
    Gamblers who meet the DSM IV criteria for pathological gambling
    Gamblers who present themselves for treatment

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Description
Flashcards on Risk Taking, created by cjjstone on 20/05/2014.
Created by
cjjstone
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Tags
behavioural psychologyprobabilistic discounting
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