Journal ArticleDOI
A domain-specific risk-attitude scale: measuring risk perceptions and risk behaviors
TLDR
A psychometric scale that assesses risk taking in five content domains: financial decisions (separately for investing versus gambling), health/safety, recreational, ethical, and social decisions is presented in this article.Abstract:
We present a psychometric scale that assesses risk taking in five content domains: financial decisions (separately for investing versus gambling), health/safety, recreational, ethical, and social decisions. Respondents rate the likelihood that they would engage in domain-specific risky activities (Part I). An optional Part II assesses respondents' perceptions of the magnitude of the risks and expected benefits of the activities judged in Part I. The scale's construct validity and consistency is evaluated for a sample of American undergraduate students. As expected, respondents' degree of risk taking was highly domain-specific, i.e. not consistently risk-averse or consistently risk-seeking across all content domains. Women appeared to be more risk-averse in all domains except social risk. A regression of risk taking (likelihood of engaging in the risky activity) on expected benefits and perceived risks suggests that gender and content domain differences in apparent risk taking are associated with differences in the perception of the activities' benefits and risk, rather than with differences in attitude towards perceived risk. Copyright © 2002 John Wiley & Sons, Ltd.read more
Citations
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Journal ArticleDOI
Risk as feelings.
TL;DR: This article proposed the risk-as-feelings hypothesis, which highlights the role of affect experienced at the moment of decision making, and showed that emotional reactions to risky situations often diverge from cognitive assessments of those risks.
Journal ArticleDOI
Individual Risk Attitudes: Measurement, Determinants and Behavioral Consequences
TL;DR: The authors found that gender, age, height, and parental background have an economically significant impact on willingness to take risks, and the question about risk taking in general generates the best all-round predictor of risky behavior.
Book ChapterDOI
Chapter 113 Men, Women and Risk Aversion: Experimental Evidence
TL;DR: This paper reviewed the results from experimental measures of risk aversion for evidence of systematic differences in the behavior of men and women, and found that women are more averse to risk than men.
Journal ArticleDOI
Spontaneous giving and calculated greed
TL;DR: The cognitive basis of cooperative decision-making in humans using a dual-process framework is explored and it is proposed that cooperation is intuitive because cooperative heuristics are developed in daily life where cooperation is typically advantageous.
ComponentDOI
The Economics and Psychology of Personality Traits
TL;DR: The authors explored the interface between personality psychology and economics and examined the predictive power of personality and the stability of personality traits over the life cycle, and developed simple analytical frameworks for interpreting the evidence in personality psychology.
References
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The theory of planned behavior
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Book ChapterDOI
Prospect theory: an analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Journal ArticleDOI
Prospect theory: analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
Journal ArticleDOI
Alternative Ways of Assessing Model Fit
Michael W. Browne,Robert Cudeck +1 more
TL;DR: In this paper, two types of error involved in fitting a model are considered, error of approximation and error of fit, where the first involves the fit of the model, and the second involves the model's shape.
Journal ArticleDOI
The psychology of attitudes.
Alice H. Eagly,Shelly Chaiken +1 more
TL;DR: The only truly comprehensive advanced level textbook designed for courses in the pscyhology of attitudes and related studies in attitude measurement, social cognition is as mentioned in this paper, which contains a comprehensive coverage of classic and modern research and theory.