THE EFFECT OF INFORMATION QUANTITY AND TIME SPENT IN MILITARY DECISION MAKING ON THE DEGREE OF RISK TAKING: AN ANALYSIS VIA AN EXPERIMENTAL SIMULATION TECHNIQUE.
PURDUE UNIV LAFAYETTE IND
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The effect of the quantity of information which decision makers receive per unit time and the effect of the length of time spent in decision-making groups on the degree of risk taking in decision making were examined. A simulated decision-making task of some complexity was used for data collection to permit comparison with results obtained in simpler laboratory settings. It was found that risk taking increases with time spent in decision making and reaches highest levels under optimal information conditions. Parallels to studies in simpler environments were examined. Author