Risk strategy under task complexity: a multivariate analysis of behaviour in a naturalistic setting

This study complements the existing literature on decision-making processes and outcomes in complex settings by exploring the impact of different types of complexity on risk strategies in a naturalistic setting. The study analyses a large sample of decisions made by individuals in UK offcourse betting markets, a fertile environment for observing both a variety of risk strategies and a range of task complexities. Specifically, the investigation focuses on the comparative impacts of complexity defined in terms, respectively, of alternatives and attributes. The results suggest that the risk strategy employed is affected by task complexity. Complexity does not affect the size of risk accepted but alternative- and attribute-based complexity together influence the propensity to accept greater degrees of risk. In addition, the effect of attribute-based complexity on risk taking appears to be modified by the use of risk-hedging strategies. The results are observed to corroborate some earlier work on decision process and outcome; where differences with earlier findings are identified, some possible explanations are offered. © 1998 John Wiley & Sons, Ltd.     

A Re-Examination of Risk and Resilience During Adolescence: Incorporating Culture and Diversity

We consider risk and resilience within the developmental contexts of youth of African, Asian, Latino, and Native American descent. Conceptual and definitional issues are explained in terms of the role that culture and diversity play in specifying risk and resilience factors for youth of African, Asian, Latino, and Native American descent. We promote a conceptual model of risk and resilience as multidimensional phenomenon. The relevance of culture and diversity in a developmental perspective of youth of African, Asian, Latino, and Native American descent is discussed in a manner that incorporates community psychology principles.     

Perceived Fitness Predicts Daily Coping Better Than Physical Activity or Aerobic Fitness

This study sought to evaluate the association between perceived physical fitness, actual fitness measured by VO₂max, daily physical activity measured by an ambulatory activity monitor, and coping with daily stress. One hundred and thirty participants completed a series of questionnaires measuring perceived fitness as well as daily stress and coping levels each day for one week. Participants were also provided with a digital physical activity monitor (Yamax Digi-Walker SW 200) and instructed to wear it throughout the seven day assessment period. Upon completion of the week evaluation, participants then were evaluated for actual physical fitness by treadmill testing. Multiple regression and effect size analysis revealed that perceived fitness predicted daily coping better than actual fitness and daily physical activity. Coping was unrelated to age, gender,VO₂max, and physical activity. Results suggest that perceived fitness may be a better predictor of coping with daily stress than actual physical fitness or physical activity.     

Effects of attention and external stimuli on duration estimation under aprospective paradigm

The study examined whether there are two independent cognitive factors affecting duration estimation. In two experiments, we manipulated simultaneously and independently two variables, namely, the level of attention to the lapse of time and the quantity of perceived changes, and examined their effects on duration estimation under a prospective paradigm. The duration was estimated to be longer when subjects attended to the lapse of time than when they attended to tasks during the target interval (Experiments 1 and 2). The characteristics of external stimuli irrelevant to the tasks, namely, the rate of presentation of sounds (Experiment 1) and the velocity of moving dots (Experiment 2), affected duration estimation, even though the attention level was little changed by these stimuli. These findings suggest that there are at least two independent cognitive factors that affect duration estimation.