Pymetrics Games Risk and Decision-Making 2

Question 1

In the Balloon Analogue Risk Task (BART) used in Pymetrics, what does repeatedly stopping at very low pump counts most likely indicate?

Accepted Answer

Extreme risk aversion and overly cautious decision-making

Answer

Stopping at very low pump counts suggests excessive caution and risk aversion, leaving potential reward on the table.

Question 2

During Pymetrics' monetary exchange games, a candidate consistently accepts unfair offers rather than rejecting them. What trait does this behavior most likely reflect?

Accepted Answer

High agreeableness and pragmatic compromise

Answer

Accepting unfair offers suggests the person prioritizes pragmatic gain over fairness norms, reflecting high agreeableness or compromise orientation.

Question 3

In a Pymetrics task where you must allocate resources between a guaranteed payout and a gamble, choosing the gamble when its expected value is lower than the guaranteed payout reflects:

Accepted Answer

Risk-seeking behavior

Answer

Choosing a gamble with lower expected value than a certain alternative is the definition of risk-seeking behavior.

Question 4

Pymetrics games record reaction time alongside choices. In a risk task, what does a very short reaction time before accepting a high-risk bet most likely suggest?

Accepted Answer

The choice was made impulsively without deliberation

Answer

Very short reaction times before risky choices typically indicate impulsive decision-making rather than calculated risk-taking.

Question 5

In the context of Pymetrics assessments, 'loss aversion' is best described as:

Accepted Answer

Feeling the pain of a loss more strongly than the pleasure of an equivalent gain

Answer

Loss aversion means losses loom larger psychologically than equivalent gains, a core finding from prospect theory.

Pymetrics Games Practice Test

Pymetrics Games Practice Test

Pymetrics Games Risk and Decision-Making 2