Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 2

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  RISK-TAKING
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
EN
A German-language scale assessing tendencies to engage in risky behaviors, as well as perceptions of risks and expected benefits from such behaviors, is derived from an English version and validated on 532 German participants. The scale contains 40 items in six distinct domains of risk taking: ethical, recreational, health, social, investing, and gambling. Following a risk-return model of risk taking, perceived-risk attitude is inferred by regressing risk-taking on perceived risk and expected benefits. Risk-taking as well as perceptions of risks and benefits were domain-specific, while perceived-risk attitudes were more similar across domains, thus supporting the use of a risk-return framework for interpreting risk-taking propensity. Gender and cultural comparisons are drawn, and we discuss possibilities for future cross-cultural applications of the scale. AUTHORS' NOTE. The complete DOSPERT-G used in this research, including scale items, instructions, and response scales, can be obtained at the following web address: http://www-abc.mpib-berlin.mpg.de/users/johnson/DOSPERTG.pdf.
EN
We examined entrepreneurial risk-taking in hypothetical bet situations presented in the form of a questionnaire. The level of uncertainty and the amount staked were varied in the situations provided. The subjects were required to make choices between two profit-making situations in one half of the questions and two loss-making situations in the other half. The expected values of the alternatives offered were equal. In order to identify the risk-taking strategies unique to entrepreneurs, a sample consisting of college students was also involved in the study. The results suggest that entrepreneurs focus on the amount staked; probability factors are less commonly taken into consideration. This tendency results in different behavior in profit-making and loss-making situations: the potential profit motivates entrepreneurs to choose higher stakes, whereas an expected loss will characteristically prompt the avoidance of higher stakes and thus higher risks. In profit-making situations, the strategies applied by college students are different from those found in entrepreneurs: students' decisions are more pronouncedly influenced by probability factors than by the amount staked. The results point to the conclusion that for entrepreneurs, the emotional value of profit and loss is considerably high, and as a result, their reactions show manifestations of the affect heuristic. The picture emerging form the study qualifies to some extent the so-called endowment effect, which is a tendency in individuals to invest further resources into loss-making projects. Prospects for major losses deterred the respondents from taking risks.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.