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Predicting domain-specific risk-taking attitudes of mainland China university students: a hyper core self-evaluation approach

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  • Hoi Yan Cheung
  • Joseph Wu
  • Jun Tao

Abstract

This study applied the framework of hyper core self-evaluation to examine the risk-taking attitudes, in the ethical, financial, health/safety, recreational, and social domains, of 437 university students from Harbin, China. Under the hyper core self-evaluation approach, overconfidence and hubristic pride were found to be significant predictors of risk-taking attitudes in the ethical, financial, and health/safety domains. The control variable of sensation seeking found in the Impulsive Behavior Scale was also significant in predicting risk-taking attitudes in certain domains. Different regression analysis models were run to generate these results. Limited studies have focused on Chinese university students' risk taking attitudes in different domains, and most studies have merely applied sensation seeking and impulsivity in understanding risk-taking. However, this empirical study contributes to finding out whether a particular group of Chinese students had high levels of overconfidence and hubristic pride (as many young people do) and whether these common characteristics could contribute to the understanding of risk-taking attitudes in the five domains.

Suggested Citation

  • Hoi Yan Cheung & Joseph Wu & Jun Tao, 2016. "Predicting domain-specific risk-taking attitudes of mainland China university students: a hyper core self-evaluation approach," Journal of Risk Research, Taylor & Francis Journals, vol. 19(1), pages 79-100, January.
    • Handle: RePEc:taf:jriskr:v:19:y:2016:i:1:p:79-100
    DOI: 10.1080/13669877.2014.948903
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    Cited by:

    1. Eyal Eckhaus & Zachary Sheaffer, 2018. "Managerial hubris detection: the case of Enron," Risk Management, Palgrave Macmillan, vol. 20(4), pages 304-325, November.
    2. Babita Jha & Lokesh Vijayvargy & Srikant Gupta, 2022. "The Impact of Socio-Economic and Psychographic Factors on Financial Inclusion," International Journal of Applied Behavioral Economics (IJABE), IGI Global, vol. 11(1), pages 1-17, January.
    3. repec:cup:judgdm:v:15:y:2020:i:1:p:112-134 is not listed on IDEAS
    4. Yiyun Shou & Joel Olney, 2020. "Assessing a domain-specific risk-taking construct: A meta-analysis of reliability of the DOSPERT scale," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 15(1), pages 112-134, January.

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