Personality and Risk Taking

Bernd Figner; Elke U. Weber

doi:10.1016/B978-0-08-097086-8.26047-9

Personality and Risk Taking

Bernd Figner, Elke U. Weber

Research output: Chapter in Book/Report/Conference proceeding › Chapter

8 Scopus citations

Abstract

There is a long-standing and persistent belief that risk-taking is a stable personality trait, often referred to as risk attitude or risk preference. This belief implies that a given individual will take similar risks across a range of situations. The article reviews different definitions of risk attitude that show cross-situational consistency to varying degrees. Additionally, several important person-related and situation-related factors affecting risk-taking and its underlying mechanisms are reviewed, including risk perception, risk-value tradeoffs, affective and deliberative processes, and emotion regulation.

Original language	English (US)
Title of host publication	International Encyclopedia of the Social & Behavioral Sciences: Second Edition
Publisher	Elsevier Inc.
Pages	809-813
Number of pages	5
ISBN (Electronic)	9780080970875
ISBN (Print)	9780080970868
DOIs	https://doi.org/10.1016/B978-0-08-097086-8.26047-9
State	Published - Mar 26 2015
Externally published	Yes

All Science Journal Classification (ASJC) codes

General Social Sciences

Keywords

Affect
Cognitive control
Columbia Card Task (CCT)
Deliberation
Domain-specific risk-taking (DOSPERT) scale
Emotion regulation
Expected utility
Personality
Risk attitude
Risk perception
Risk preference
Risk-value tradeoff

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10.1016/B978-0-08-097086-8.26047-9

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abstract = "There is a long-standing and persistent belief that risk-taking is a stable personality trait, often referred to as risk attitude or risk preference. This belief implies that a given individual will take similar risks across a range of situations. The article reviews different definitions of risk attitude that show cross-situational consistency to varying degrees. Additionally, several important person-related and situation-related factors affecting risk-taking and its underlying mechanisms are reviewed, including risk perception, risk-value tradeoffs, affective and deliberative processes, and emotion regulation.",

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AB - There is a long-standing and persistent belief that risk-taking is a stable personality trait, often referred to as risk attitude or risk preference. This belief implies that a given individual will take similar risks across a range of situations. The article reviews different definitions of risk attitude that show cross-situational consistency to varying degrees. Additionally, several important person-related and situation-related factors affecting risk-taking and its underlying mechanisms are reviewed, including risk perception, risk-value tradeoffs, affective and deliberative processes, and emotion regulation.

KW - Affect

KW - Cognitive control

KW - Columbia Card Task (CCT)

KW - Deliberation

KW - Domain-specific risk-taking (DOSPERT) scale

KW - Emotion regulation

KW - Expected utility

KW - Personality

KW - Risk attitude

KW - Risk perception

KW - Risk preference

KW - Risk-value tradeoff

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AN - SCOPUS:85043421890

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EP - 813

BT - International Encyclopedia of the Social & Behavioral Sciences: Second Edition

PB - Elsevier Inc.

ER -

Personality and Risk Taking

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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