Angling Risk Task (ART)

Pleskac, T. J. (2008). Decision making and learning while taking sequential risks. Journal of Experimental Psychology: Learning, Memory, and Cognition, 34(1), 167-185. doi: 10.1037/0278-7393.34.1.167

	Table of Contents
	Description
	History of Use
	References

Description:

Purpose		The ART was designed to assess risk preferences through choices made in a fishing scenario.
Questions		Participants fish in one or more computerized tournaments (usually 30 rounds each) where the pond has 1 blue fish and n-1 red fish. Ps may cast their fishing rod as many times as they want within a round. Each cast hooks 1 fish (each fish is equally likely to be caught). A red fish is worth 5 cents and Ps may cast again. A blue fish ends the round and loses all money earned on that round. Other aspects of the tournament can also be manipulated. The weather can be sunny (Ps can see # of fish in pond) or cloudy (Ps cannot see # of fish). The ponds release law can be "catch & keep" (akin to sampling without replacement) or "catch & release" (akin to sampling with replacement)
Sub-scales		N/A
Domain
Psychometrics
Sample items		Ps choose between: Go fish Collect

References:

Scale:

Pleskac, T. J. (2008). Decision making and learning while taking sequential risks. Journal of Experimental Psychology: Learning, Memory, and Cognition, 34(1), 167-185. doi: 10.1037/0278-7393.34.1.167

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