The role of perceived costs and perceived benefits in the relationship between personality and risk-related choices
This paper considers how perceptions of costs and benefits can influence the association between personality and risky choice behaviour. We assessed perceptions and behaviours in six domains (ethical; investment; gambling; health and safety; recreational; social) using the DOSPERT and measured personality using the NEO PI-R. Results from structural equation modelling showed that personality had a direct effect on risky choice behaviour in four domains (social, ethical, gambling and recreational risk-taking). In addition, perceived costs and benefits mediated the relations between personality and risk-taking in the five domains (social, ethical, gambling, recreational and investment risk-taking). Evidence for a mechanism that integrates both direct and indirect effects of personality on behaviour is discussed.
Year of publication: |
2010
|
---|---|
Authors: | Soane, Emma ; Dewberry, Chris ; Narendran, Sunitha |
Institutions: | London School of Economics (LSE) |
Subject: | ISI | personality | NEO PI-R | risk | cost | benefit | decision-making |
Saved in:
freely available
Extent: | application/pdf |
---|---|
Series: | |
Type of publication: | Book / Working Paper |
Notes: | Published in Journal of Risk Research, 2010, 13(3), pp. 303-318. ISSN: 1366-9877 |
Classification: | L81 - Retail and Wholesale Trade; Warehousing ; J50 - Labor-Management Relations, Trade Unions, and Collective Bargaining. General |
Source: |
Persistent link: https://www.econbiz.de/10010745760