Individual Differences in Risky Decision Making: A Meta-analysis of Sensation Seeking and Impulsivity with the Balloon Analogue Risk Task
SUMMARY To represent the state‐of‐the‐art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with characteristics that parallel risk taking in the real world and two personality traits commonly believed to influence risk taking. A meta‐an...
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| Published in | Journal of behavioral decision making Vol. 27; no. 1; pp. 20 - 36 |
|---|---|
| Main Authors | , , , |
| Format | Journal Article |
| Language | English |
| Published |
Chichester
Blackwell Publishing Ltd
01.01.2014
Wiley Periodicals Inc |
| Subjects | |
| Online Access | Get full text |
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| Abstract | SUMMARY
To represent the state‐of‐the‐art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with characteristics that parallel risk taking in the real world and two personality traits commonly believed to influence risk taking. A meta‐analysis is presented based on 22 studies of the Balloon Analogue Risk Task from which correlations with sensation seeking and impulsivity assessments could be obtained. Results calculated on a total of 2120 participants showed that effect size for the relation of sensation seeking with risk taking was in the small–moderate range (r¯ = .14), whereas the effect size for impulsivity was just around the small effect size threshold (r¯ = .10). Although we considered participants' demographics as moderators, we found only significantly larger effect sizes for the older adolescents and young adults compared with other ages. The findings of the present review supported the view that inconsistencies in personality–risk research were mostly due to random fluctuations of specific effect sizes, rather than to lack of theoretical ties or to measurement unreliability. It is also concluded that studies aimed at relating individual differences in personality to performance in experimental decision tasks need an appropriate sample size to achieve the power to produce significant results. Copyright © 2013 John Wiley & Sons, Ltd. |
|---|---|
| AbstractList | SUMMARY
To represent the state‐of‐the‐art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with characteristics that parallel risk taking in the real world and two personality traits commonly believed to influence risk taking. A meta‐analysis is presented based on 22 studies of the Balloon Analogue Risk Task from which correlations with sensation seeking and impulsivity assessments could be obtained. Results calculated on a total of 2120 participants showed that effect size for the relation of sensation seeking with risk taking was in the small–moderate range (r¯ = .14), whereas the effect size for impulsivity was just around the small effect size threshold (r¯ = .10). Although we considered participants' demographics as moderators, we found only significantly larger effect sizes for the older adolescents and young adults compared with other ages. The findings of the present review supported the view that inconsistencies in personality–risk research were mostly due to random fluctuations of specific effect sizes, rather than to lack of theoretical ties or to measurement unreliability. It is also concluded that studies aimed at relating individual differences in personality to performance in experimental decision tasks need an appropriate sample size to achieve the power to produce significant results. Copyright © 2013 John Wiley & Sons, Ltd. To represent the state‐of‐the‐art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with characteristics that parallel risk taking in the real world and two personality traits commonly believed to influence risk taking. A meta‐analysis is presented based on 22 studies of the Balloon Analogue Risk Task from which correlations with sensation seeking and impulsivity assessments could be obtained. Results calculated on a total of 2120 participants showed that effect size for the relation of sensation seeking with risk taking was in the small–moderate range ( = .14), whereas the effect size for impulsivity was just around the small effect size threshold ( = .10). Although we considered participants' demographics as moderators, we found only significantly larger effect sizes for the older adolescents and young adults compared with other ages. The findings of the present review supported the view that inconsistencies in personality–risk research were mostly due to random fluctuations of specific effect sizes, rather than to lack of theoretical ties or to measurement unreliability. It is also concluded that studies aimed at relating individual differences in personality to performance in experimental decision tasks need an appropriate sample size to achieve the power to produce significant results. Copyright © 2013 John Wiley & Sons, Ltd. To represent the state-of-the-art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with characteristics that parallel risk taking in the real world and two personality traits commonly believed to influence risk taking. A meta-analysis is presented based on 22 studies of the Balloon Analogue Risk Task from which correlations with sensation seeking and impulsivity assessments could be obtained. Results calculated on a total of 2120 participants showed that effect size for the relation of sensation seeking with risk taking was in the small-moderate range (...), whereas the effect size for impulsivity was just around the small effect size threshold (...). Although we considered participants' demographics as moderators, we found only significantly larger effect sizes for the older adolescents and young adults compared with other ages. The findings of the present review supported the view that inconsistencies in personality-risk research were mostly due to random fluctuations of specific effect sizes, rather than to lack of theoretical ties or to measurement unreliability. It is also concluded that studies aimed at relating individual differences in personality to performance in experimental decision tasks need an appropriate sample size to achieve the power to produce significant results. (ProQuest: ... denotes formulae/symbols omitted.) To represent the state-of-the-art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with characteristics that parallel risk taking in the real world and two personality traits commonly believed to influence risk taking. A meta-analysis is presented based on 22 studies of the Balloon Analogue Risk Task from which correlations with sensation seeking and impulsivity assessments could be obtained. Results calculated on a total of 2120 participants showed that effect size for the relation of sensation seeking with risk taking was in the small-moderate range (r=.14), whereas the effect size for impulsivity was just around the small effect size threshold (r¯ ;=.10). Although we considered participants' demographics as moderators, we found only significantly larger effect sizes for the older adolescents and young adults compared with other ages. The findings of the present review supported the view that inconsistencies in personality-risk research were mostly due to random fluctuations of specific effect sizes, rather than to lack of theoretical ties or to measurement unreliability. It is also concluded that studies aimed at relating individual differences in personality to performance in experimental decision tasks need an appropriate sample size to achieve the power to produce significant results. Copyright © 2013 John Wiley & Sons, Ltd. Copyright John Wiley & Sons. Reproduced with permission. An electronic version of this article can be accessed via http://www.interscience.wiley.com |
| Author | Lauriola, Marco Lejuez, Carl W. Panno, Angelo Levin, Irwin P. |
| Author_xml | – sequence: 1 givenname: Marco surname: Lauriola fullname: Lauriola, Marco email: Correspondence to: Marco Lauriola, Department of Social and Developmental Psychology, University of Rome, Via dei Marsi 78, 00185 Rome, Italy., marco.lauriola@uniroma1.it organization: Department of Social and Developmental Psychology, University of Rome "Sapienza", Italy – sequence: 2 givenname: Angelo surname: Panno fullname: Panno, Angelo organization: Department of Social and Developmental Psychology, University of Rome "Sapienza", Italy – sequence: 3 givenname: Irwin P. surname: Levin fullname: Levin, Irwin P. organization: Department of Psychology, University of Iowa, USA – sequence: 4 givenname: Carl W. surname: Lejuez fullname: Lejuez, Carl W. organization: Department of Psychology, University of Maryland, USA |
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To represent the state‐of‐the‐art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with... To represent the state‐of‐the‐art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with... To represent the state-of-the-art in an effort to understand the relation between personality and risk taking, we selected a popular decision task with... |
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| SubjectTerms | Adolescents Balloon Analogue Risk Task Behavioral sciences Decision making Demographic change Impulsivity individual differences Meta-analysis Personality Personality psychology Personality traits Risk risky decision making sensation seeking Studies Systematic review |
| Title | Individual Differences in Risky Decision Making: A Meta-analysis of Sensation Seeking and Impulsivity with the Balloon Analogue Risk Task |
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