Risk Taking

Question 1

What is the choice dilemma scale?

Answer 1

Likelihood of success increasing or decreasing chances of choosing option.

Question 2

What is the risk sensitivity theory?

Answer 2

Greater risk taking in young adulthood to gain access to resources and mating partners

Question 3

growth vs maintenance in risk taking:

Answer 3

Young adults focus on growth goals; older adults focus on maintenance and loss prevention.

Question 4

financial risk taking

Answer 4

rewarded in young, punished in old.

Question 5

Social risk taking

Answer 5

threatens peer-relations in young, and social contacts in old.

Question 6

recreational risk taking

Answer 6

important for social status in young but dangerous in old.

Question 7

when do older adults most likely to take risks?

Answer 7

Older adults make risk taking mistakes in uncertain situations when learning demands are high

Question 8

What is the difference between ambiguity and unambiguity?

Answer 8

Ambiguity - decision from experience (incomplete info)

Unambiguous - decision from description (complete info).