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A Domain-Specific Risk-Taking (DOSPERT) scale for adult populations

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  • Blais, Ann-Renée
  • Weber, Elke U.

Abstract

This paper proposes a revised version of the original Domain-Specific Risk-Taking (DOSPERT) scale developed by Weber, Blais, and Betz (2002) that is shorter and applicable to a {broader range of ages, cultures, and educational levels}. It also provides a French translation of the revised scale. Using multilevel modeling, we investigated the risk-return relationship between apparent risk taking and risk perception in 5 risk domains. The results replicate previously noted differences in reported degree of risk taking and risk perception at the mean level of analysis. The multilevel modeling shows, more interestingly, that within-participants variation in risk taking across the 5 content domains of the scale was about 7 times as large as between-participants variation. We discuss the implications of our findings in terms of the person-situation debate related to risk attitude as a stable trait.

Suggested Citation

  • Blais, Ann-Renée & Weber, Elke U., 2006. "A Domain-Specific Risk-Taking (DOSPERT) scale for adult populations," Judgment and Decision Making, Cambridge University Press, vol. 1(1), pages 33-47, July.
    • Handle: RePEc:cup:judgdm:v:1:y:2006:i:1:p:33-47_4
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    Cited by:

    1. Dalle, Axana & Verhofstadt, Elsy & Baert, Stijn, 2024. "The subsidy trap: Explaining the unsatisfactory effectiveness of hiring subsidies for the senior unemployed," Journal of Economic Behavior & Organization, Elsevier, vol. 227(C).
    2. Guo, Yiting & Wei, Lijia & Xue, Lian, 2024. "Intergenerational preference transmission in physician families during the pandemic: Theory and evidence," China Economic Review, Elsevier, vol. 88(C).
    3. Gary Charness & Thomas Garcia & Theo Offerman & Marie Claire Villeval, 2020. "Do measures of risk attitude in the laboratory predict behavior under risk in and outside of the laboratory?," Journal of Risk and Uncertainty, Springer, vol. 60(2), pages 99-123, April.

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