Abstract: | The Balloon Analogue Risk Task, or BART, aims to measure risk taking behavior in a controlled setting. In order to quantify the processes that underlie performance on the BART, Wallsten, Pleskac, and Lejuez (2005) proposed a series of mathematical models whose parameters have a clear psychological interpretation. Here we examine a 2-parameter simplification of Wallsten et al.’s preferred 4-parameter model. A parameter recovery study shows that — with plausible restrictions on the number of participants and trials — both parameters (i.e., risk taking γ+ and response consistency β) can be estimated accurately. To demonstrate how the 2-parameter model can be used in practice, we implemented a Bayesian hierarchical version and applied it to an empirical data set in which participants performed the BART following various amounts of alcohol intake. |