Willingness to take risk: the role of risk conception and optimism

Saved in:

Authors and Corporations:

Dohmen, Thomas (Author), Quercia, Simone (Author), Willrodt, Jana (Author)

Other Authors:

Quercia, Simone 1985- [Author] • Willrodt, Jana [Author]

Edition:

This version: March 11, 2019

Type of Resource:

E-Book

Language:

English

published:

Berlin, Germany German Socio-Economic Panel (SOEP), DIW Berlin 2019

Series:

Subjects:

Risk taking behavior

optimism

preference measure

risk conception

Graue Literatur

Source:

Verbunddaten SWB
Lizenzfreie Online-Ressourcen

Description
Summary:	We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of personality, and that it predicts real-life risk taking. The general risk question captures this disposition alongside pure risk preference. This likely contributes to the predictive power of the general risk question across domains. Our results also rationalize why risk taking is related to optimism.
Physical Description:	1 Online-Ressource (circa 52 Seiten); Illustrationen