Accession Number:

AD0678951

Title:

RISK TAKING IN MILITARY AND ECONOMIC DECISION MAKING: AN ANALYSIS VIA AN EXPERIMENTAL SIMULATION

Descriptive Note:

Technical rept.

Corporate Author:

PURDUE UNIV LAFAYETTE IN

Report Date:

1968-11-01

Pagination or Media Count:

21.0

Abstract:

The effect of success, failure, and time spent in decision making on the degree of military and economic risk taking was investigated. A complex experimental simulation technique was employed as the research method to permit comparison of data obtained in the present setting with results reported by investigators using small-scale laboratory techniques. It was found that risk taking increases with the length of time that decision-making groups spend in working on a task. After some time, risky decision making may become concentrated in one decision area at a time, even though risks could be taken in more areas. Comparisons to laboratory results suggest some communalities as well as some differences with regard to risk-taking results.

Subject Categories:

  • Administration and Management
  • Psychology

Distribution Statement:

APPROVED FOR PUBLIC RELEASE