RISK LEVEL By N., Pam M.S. - April 28, 2013 Lack of aversion to a specific amount of risk involved in making erroneous decisions, in a null hypothesis situation. See also: significance testing. RISK LEVEL: "The risk level was entirely too high for my comfort." Related Psychology Terms SIGNIFICANCE LEVEL DECISION RULE NULL HYPOTHESIS SIGNIFICANCE TESTING (NHST) POWER NONCENTRALITY PARAMETER T TEST BETA LEVEL TYPE II ERROR BETA LEVEL GROUP RISK TAKING Cite this page: N., Pam M.S., "RISK LEVEL," in PsychologyDictionary.org, April 28, 2013, https://psychologydictionary.org/risk-level/ (accessed January 13, 2020).