Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 2

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  FIELD EXPERIMENT
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

Studying risk taking behaviour: a field experiment

100%
Farago K.
Magyar Pszichologiai Szemle (Hungarian Psychological Review)
|
2005
|
vol. 60
|
issue 3
343-370
EN
Risk taking behavior was studied in a field experiment, where, unlike experiments in laboratory settings, subjects had to make real decisions, gain or loose real stakes. In real situations, not only the few factors chosen by the researcher influence risk taking behavior, but also a number of interdependent constituent effects. This research investigated the impact of the positive or negative framing, the available resources, the aspiration levels, and the risk taking propensity of the individual in a real situation. A second experiment was run in a laboratory to control for the difference in the two approaches. It was found that people take much smaller risk in real situations where they have to face real consequences. In real situations, when subjects get close to the survival point, they do not engage in extreme risk taking strategies, such as complete avoidance or extreme risk taking. This result contradicts the findings of research undertaken in laboratory settings. In this study the amount of the previously accumulated resources seems to be the most important determinant of risk taking behavior. Subjects with limited resources perceived the situation as riskier, experienced more serious uncertainty, and lowered their aspiration level. Our results contradicted the prediction of prospect theory which indicates risk avoidance in a positively framed (gaining), and risk avoidance in a negatively framed (loosing) situation. Our subjects radically reduced their willingness to take risks in the negative frame both in the real and the hypothetical situations.
2

THE EFFECT OF ACCUMULATED RESOURCES ON RISK TAKING - IN MEMORY OF FERENC MÉREI

100%
Farago K.
Magyar Pszichologiai Szemle (Hungarian Psychological Review)
|
2008
|
vol. 63
|
issue 4
651-675
EN
Research offers a contradictory picture of the impact of accumulated resources on risk taking: both risk taking and risk avoidance were found in cases of either large or small resources.The authoress conducted a field experiment to study the behavior of students having abundant, enough or too few points (accumulated resource) to be able to pass a course requirement. Students received tasks of three levels of difficulty. Choosing more difficult tasks enabled them to gain more points. Everybody had two tasks to solve: one framed in a positive way, the other in a negative way. She compared the results of the field experiment to the results of two other investigations: to a questionnaire conducted with managers about risk taking in a successful or unsuccessful, increasing or decreasing enterprise, and to a hypothetical advice giving situation. She can generalize from her results collected in these different contexts that when close to the extinction point, people take biggest risks. Having abundant resources they also take big risks, but mainly in the negative frame. Having medium amount of resources, they are risk avoidant. The authoress discussed her results in the framework of Kurt Lewin's dynamic psychology, showing that the simultaneous consideration of situational, motivational and perceptual factors as well as the tendency to get better or worse, helps to understand risk taking.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.