Question: question: Explain how a person's performance on the Balloon Analogue Risk Task can be measured in terms of both process coherence and outcome correspondence .

question: Explain how a person's performance on the Balloon Analogue Risk Task can be measured in terms of both process coherence and outcome correspondence. Which measure do you think best assesses how good their decision-making is? Give a brief explanation for your choice of which is the better measure.

source: In this experiment, you will try to maximize the amount of money you accumulate by inflating 20 balloons

At each point in time, you have a choice of

- inflating a balloon further by pumping air to in it, which increases its

value

- banking the current value of the balloon and moving to the next one

If you pump a balloon, there is a danger that it will be burst

- a burst balloon has no value, and you must then move to the next

balloon having banked no money

- every balloon has a 20% probability of bursting any time it is pumped

Your goal is to maximize to total amount of money you bank over the 20 balloons.

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