Measuring an Individual's Tendency to Take Risks: The Risk Propensity Scale (original) (raw)
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The present study (N ϭ 86) sought to evaluate a laboratory-based behavioral measure of risk taking (the Balloon Analogue Risk Task; BART) and to test associations between this measure and self-report measures of risk-related constructs as well as self-reported real-world risk behaviors. The BART evidenced sound experimental properties, and riskiness on the BART was correlated with scores on measures of sensation seeking, impulsivity, and deficiencies in behavioral constraint. Also, riskiness on the BART was correlated with the self-reported occurrence of addictive, health, and safety risk behaviors, with the task accounting for variance in these behaviors beyond that accounted for by demographics and self-report measures of risk-related constructs. These results indicate that the BART may be a useful tool in the assessment of risk taking.
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Canadian subjects "N 019# completed four psychological scales[ Three of the scales were directly related to risk!taking behavior[ These were the Sensation Seeking Scale "SSS V^Zuckerman\ 0868#\ the Tension Risk Adventure Inventory "TRAI^Keinan et al[\ 0873# and the Telic Dominance Scale "TDS^Murgatroyd et al[\ 0867#[ In addition\ subjects completed the Desire for Control Scale "DCS^Burger and Cooper\ 0868# to investigate the role of desire for control in risk!taking[ The results indicated "0# signi_cant di}erences between age and sensation seeking "1# a four!factor structure for the TRAI following factor analysis with this Canadian sample "2# numerous intra! and inter!scale relationships obtained from correlation analyses of and "3# four major dimensions arising from PCA of the four inventory scales[ Þ 0887 Elsevier Science Ltd[ All rights reserved[
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Journal of Behavioral Decision Making, 2018
Despite the widespread interest in understanding and identifying risk takers by psychologists, clinicians, and economists, the risk literature currently lacks consensus regarding the nature of risk taking and its measurement. Existing measures of risk taking are predominantly domain-specific despite emerging support for risk taking as a domain-general disposition. In the present paper, we examine the nature of risk taking as a domain-general personality disposition and develop a concise measure: the General Risk Propensity Scale (GRiPS). Data from 1,523 participants across five studies provided evidence for its construct validity. The GRiPS converged with other selfreport measures of risk taking and provided incremental prediction of work, academic, and life outcomes over and above the five-factor model of personality and the Domain-Specific Risk Taking Scale.
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Título: La Prueba de Tendencia al Riesgo (PTR):Una propuesta para un test informatizado de ejecución conductual para evaluar la tendencia al riesgo. Resumen: La evaluación de las diferencias individuales en la tendencia al riesgo ha sido tradicionalmente realizada en base a instrumentos de autoinforme. Estos están sujetos a una serie de sesgos y distorsiones que son difíciles de sortear. Este trabajo presenta un nuevo instrumento de evaluación objetiva de la propensión al riesgo basado en la ejecución comportamental ante una tarea: la Prueba de Tendencia al Riesgo (PTR). En el primer estudio (N = 234) se explora la fiabilidad y dimensionalidad de la tarea. Los resultados muestran una alta consistencia interna (alpha = .94) y una adecuada dimensionalidad congruente con el diseño de la prueba. En el segundo estudio (N = 59) se analiza la validez convergente e incremental de la prueba utilizando para ello un cuestionario sobre búsqueda de sensaciones, constructo relacionado con la tendencia al riesgo (SSS-V), autoinformes de comportamientos de riesgo (RTI, SRB) y un test comportamental (BDT). Los resultados muestran correlaciones significativas en mayor o menor medida entre la PTR y las demás pruebas utilizadas. La PTR incrementa en un 6.7% el porcentaje de varianza explicada en estos comportamientos por las otras medidas utilizadas en el estudio. Los resultados indican que la PTR puede ser una herramienta útil para la evaluación de la propensión al riesgo. Palabras clave: Tendencia al riesgo; test informatizado; evaluación objetiva de la personalidad; test comportamental.
Measuring Risk Attitudes Controlling for Personality Traits * January 2008
2008
This study measures risk attitudes using two paid experiments: the Holt and Laury (2002) procedure and a variation of the game show Deal or No Deal. The participants also completed a series of personality questionnaires developed in the psychology literature including the risk domains of Weber, Blais, and Betz (2002). As in previous studies risk attitudes vary within subjects across elicitation methods. However, this variation can be explained by individual personality traits. Specifically, subjects behave as though the Holt and Laury task is an investment decision while the Deal or No Deal task is a gambling decision. JEL Codes: C9, D8