We want to assess, among other things, whether entrepreneurs in generation Y differ with regard to risk aversion or risk affinity from their predecessors. Thanks in Advance!
I think that business success is the reverse process of failure. The first generation is best known for risk. The second generation began to lack a sense of risk. To cultivate. Can be quantified.
Not sure if you have considered Weber et al paper to pick up some ideas. The paper nicely captures risk taking behaviour in financial, ethical, recreational, health and safety, etc issues. Here is the reference:
Weber, E. U., Blais, A. R., & Betz, N. E. (2002). A domain‐specific risk‐attitude scale: Measuring risk perceptions and risk behaviors. Journal of behavioral decision making, 15(4), 263-290.