Wha tis the best scale/tool/questionnaire for measuring risk taking propensity?
My colleagues and I developed a short (8-item) self-report measure of General Risk Propensity (GRiPS). It measures people general propensity to take risks across domains. Please see our paper for more information on psychometric information.
Zhang, Don C., Scott Highhouse, and Christopher D. Nye. "Development and validation of the General Risk Propensity Scale (GRiPS)." Journal of Behavioral Decision Making 32, no. 2 (2019): 152-167.
Hi,
You can use the Balloon Analogue Risk Task method.
Kindly refer the following paper:
Title of the paper:
Evaluation of a Behavioral Measure of Risk Taking:
The Balloon Analogue Risk Task (BART)
Journal name: Journal of Experimental Psychology; 2002, Vol. 8, No. 2, 75–84
DOI: 10.1037//1076-898X.8.2.75
Try this by MacPherson et al. 2010
Changes in Sensation Seeking and Risk-Taking Propensity Predict Increases in Alcohol Use Among Early Adolescents
http://onlinelibrary.wiley.com/doi/10.1111/j.1530-0277.2010.01223.x/full
Also Furr-Holden et al 2011
Disordered Neighborhood Environments and Risk-Taking Propensity in Late Childhood Through Adolescence
http://www.sciencedirect.com/science/article/pii/S1054139X11001261
Thank you Senthilvel and Robert. BART is interesting, though it's lab based. I need something for survey. Right now I have Risk Propensity Scale by Meertens and Lion 2008 but was wondering if there is a better one out there.
Cheers
Eraj
Personally, I would be extremely cautious in trying to use survey scales to predict individual differences in risk taking. In traffic safety, I have meta-analysed personality scales and the very popular Driver Behaviour Questionnaire, and their predictive power versus accidents is essentially zero (r
Anders, thank you very much for your comprehensive response on my question. I will have a read of your papers.
Regards
Eraj, I would caution against considering risk propensity in isolation of prospect. Risk taking (exposure to loss) is normally undertaken because of an associated prospect (likely gain). The aggregate positive gain must be acceptable as well as the individual risk(s) being acceptable. Even those who partake in extreme sports balance the prospect of the thrill with the risks of death or serious injuries. We all make decisions based on gaining what we want while not losing something that we value. MSS 1000:2014 adopts these principles throughout. What I think would be interesting would to know how each personality type handles this balancing of prospect and risk and why society gains by having a mix of personality types.
Hi,
You may find something interesting for you in this paper:
. CEO Personal Risk-Taking and Corporate Policies.
By: Cain, Matthew D.; McKeon, Stephen B. Journal of Financial & Quantitative Analysis. Feb2016, Vol. 51 Issue 1, p139-164. 26p.
Best regards
Hi,
a valuable reading can be the paper written by Traczyk & Zaleskiewicz (2016)
see the link below
best regards
Article Implicit attitudes toward risk: the construction and validat...
Hello,
I'm looking for an instrument / tool to measure risk taking behaviour among a cohort of under-graduate students. My research is based on gambling behaviour but I would like to measure risk taking behaviour also.
Can anyone recommend a tool / instrument which I could use, preferably in the form of a questionnaire?
Thanks in advance.
Stephen Cashman did you find an instrument/tool for your research? I was looking at the DOSPERT but I don't know if it will work for the population (social entrepreneurs) of risk-takers I'm looking at.
Sara Frost yes I used the DOSPERT scale in the end. Suited my needs well. I'm analysing the data at the moment but feedback from participants was that it was an interesting scale which initiated much discussion
My colleagues and I developed a short (8-item) self-report measure of General Risk Propensity (GRiPS). It measures people general propensity to take risks across domains. Please see our paper for more information on psychometric information.
Zhang, Don C., Scott Highhouse, and Christopher D. Nye. "Development and validation of the General Risk Propensity Scale (GRiPS)." Journal of Behavioral Decision Making 32, no. 2 (2019): 152-167.
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