RISK LEVEL By N., Sam M.S. - 6 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 Counselor and Client Safety Counselor's Role in Emergency Teams Piaget’s Theory of Cognitive Development APRAXIA (literally, “inability to act or do”) LEVEL OF ASPIRATION ESTHETICS SIGNIFICANCE LEVEL SCHOLASTIC APTITUDE TESTS READING DISABILITY (Paralexia, Dyslexia) CLINICAL PSYCHOLOGY Cite this page: N., Sam M.S., "RISK LEVEL," in PsychologyDictionary.org, April 28, 2013, https://psychologydictionary.org/risk-level/ (accessed June 28, 2022).