APA Dictionary of Psychology

a research instrument used in studies of the risky shift to measure an individual’s willingness to make risky or cautious decisions. Respondents are presented with a series of scenarios involving a course of action that might or might not yield financial, interpersonal, or educational benefits; they then indicate what the odds of success would have to be before they would recommend the course of action. [originally developed by U.S. social psychologists Nathan Kogan (1926–2013) and Michael A. Wallach (1933–  )]