{"pk":28701,"title":"Reinforcing Rational Decision Making in a Risk Elicitation task through Visual\nReasoning","subtitle":null,"abstract":"Metrics seeking to predict financial risk-taking behaviors typically\nexhibit limited validity. This is due to the fluid nature of an\nindividual’s risk taking, and the influence of the mode and medium,\nwhich presents a decision. This paper presents two experiments that\ninvestigate how an existing risk elicitation task’s predictive capacity\nmay be enhanced through the application of an interactive model of\nvisual reasoning in a digitized version. In the first experiment, 60\nparticipants demonstrated their reasoning process. In the second\nexperiment, 225 participants were randomly assigned into three\ngroups, with the validated risk elicitation task compared as a control\nto interactive digital and non-interactive digital stimuli with pie\ncharts. The experiments yielded significant results, highlighting that\nwhen participants interact with a graph to reason their choices, it\nleads to consistent choices. The findings have implications for\nimprovement of the risk task's validity and the deployment of digital\ninteractive assessments beyond laboratory settings.","language":"eng","license":{"name":"","short_name":"","text":null,"url":""},"keywords":[{"word":"Visualization"},{"word":"decision-making"},{"word":"risk-taking"},{"word":"external representations"},{"word":"Reasoning"}],"section":"Papers with Poster Presentations","is_remote":true,"remote_url":"https://escholarship.org/uc/item/4qw3n3n8","frozenauthors":[{"first_name":"Stella","middle_name":"","last_name":"Doukianou","name_suffix":"","institution":"University of Greenwich","department":""},{"first_name":"Damon","middle_name":"","last_name":"Daylamani-Zad","name_suffix":"","institution":"University of Greenwich","department":""},{"first_name":"Petros","middle_name":"","last_name":"Lameras","name_suffix":"","institution":"Coventry University","department":""},{"first_name":"Ian","middle_name":"","last_name":"Dunwell","name_suffix":"","institution":"Coventry University","department":""}],"date_submitted":null,"date_accepted":null,"date_published":"2019-01-01T18:00:00Z","render_galley":null,"galleys":[{"label":"PDF","type":"pdf","path":"https://journalpub.escholarship.org/cognitivesciencesociety/article/28701/galley/18572/download/"}]}