IDEAS home Printed from https://ideas.repec.org/a/taf/jriskr/v23y2020i4p490-503.html
   My bibliography  Save this article

Assessing risk-taking: what to measure and how to measure it

Author

Listed:
  • Alexandre Bran
  • David C. Vaidis

Abstract

Risk-taking has been a major field of interest for scientists and for applied purposes since decades. However, many researchers have noted that the current measurement instruments fail to show adequate validity and predictive power. Given the recent calls to develop new measures, this paper aims to highlight six key points that should be kept in mind when constructing or using measures of risk-taking concepts. Specifically, we encourage risk-taking scholars (a) to pay close attention to the terminology used in studies, (b) to distinguish measures of general and specific risk-taking, (c) to distinguish risk-taking from the appeal of risky activities, (d) to keep in mind the subjectivity of risk-taking, (e) to consider the measurement of passive risk-taking, and (f) to favour more realistic risk-taking tasks. Overall, these recommendations should help researchers to design and use more relevant risk-taking measures.

Suggested Citation

  • Alexandre Bran & David C. Vaidis, 2020. "Assessing risk-taking: what to measure and how to measure it," Journal of Risk Research, Taylor & Francis Journals, vol. 23(4), pages 490-503, April.
    • Handle: RePEc:taf:jriskr:v:23:y:2020:i:4:p:490-503
    DOI: 10.1080/13669877.2019.1591489
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13669877.2019.1591489
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13669877.2019.1591489?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Donata Bessey, 2021. "Testing a One-Item Risk Measure to Predict Alameda Seven Health Behaviors in the Republic of Korea," IJERPH, MDPI, vol. 18(1), pages 1-17, January.
    2. Roumboutsos, Athena & Pantelias, Aristeidis, 2021. "Addressing infrastructure investor risk aversion: Can project delivery resilience ratings help?," Utilities Policy, Elsevier, vol. 71(C).
    3. repec:cup:judgdm:v:16:y:2021:i:1:p:20-35 is not listed on IDEAS
    4. Valeria Superti & Cynthia Houmani & Ralph Hansmann & Ivo Baur & Claudia R. Binder, 2021. "Strategies for a Circular Economy in the Construction and Demolition Sector: Identifying the Factors Affecting the Recommendation of Recycled Concrete," Sustainability, MDPI, vol. 13(8), pages 1-32, April.
    5. Ruty Keinan & Tali Idan & Yoella Bereby-Meyer, 2021. "Compliance with COVID-19 prevention guidelines: Active vs. passive risk takers," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 16(1), pages 20-35, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jriskr:v:23:y:2020:i:4:p:490-503. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJRR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.