Effectivess (or luck) as a modulator in the evalution of the risk-taking interactive style

Abstract

This paper attempts to identify how much individuals risk-taking behavior in a betting dice task (TRAD) is due to their interactive style or, contrary to that, depends on betting gains. Participants had to bet in a dice task one of three alternatives four once-a-week. Sessions ten trials each. Subjets were divided into two groups. The first one received outcome feedback after a ten-trial session. In this case, outcomes would not have any effect on subjects session bets. However, they would affect following sesions. The other group played a similar ten-trail session but subjects received feedback after each bet. Thus, outcome feedback would have an effect on the following bet. Results showed, that every individual chose more frequently the alternatives which had been reinforced in each case, but they showed also high behavioral consistency among sessions. Correlations were around 0.60 and even higher between two following sessions.