Organizational Risk Taking: Learning versus Variable Risk Preferences

2005 ◽  
Author(s):  
Jerker Denrell
Keyword(s):  
Risk Taking ◽  
Risk Preferences ◽  
Organizational Risk

Respondents in Asian Cultures (e.g., Chinese) are More Risk-Seeking and More Overconfident than Respondents in Other Cultures (e.g., in United States) but the Reciprocal Predictions are in Total Opposition: How and Why?

2004 ◽  
Vol 4 (2) ◽  
pp. 263-292 ◽  
Author(s):  
Shu Li ◽  
Yongqing Fang
Keyword(s):  
United States ◽  
Social Network ◽  
Risk Taking ◽  
Risk Preferences ◽  
Risk Preference ◽  
Cross Cultural ◽  
Cultural Variations ◽  
Risk Seeking ◽  
The Social ◽  
Predicted Risk

AbstractTriggered by rather surprising findings that respondents in Asian cultures (e.g., Chinese) are more risk-seeking and more overconfident than respondents in other cultures (e.g., in United States) and that the reciprocal predictions are in total opposition, four experiments were designed to extend previous collective-culture oriented researches. Results revealed that (1) Singapore 21, which is a vision of Singapore in the 21st century and has highlighted the promotion of a collective culture, did not advocate greater risk-seeking but led to weaker overconfidence; (2) the knowledge of "financial help from social network" did not permit prediction of risk preference but the knowledge of "the value difference between possible outcomes" did; (3) the social network could be viewed not only as a positive "cushion" but also as a negative "burden" in both gain and loss domains of risky choices; (4) the predictions of the risk-as-value, risk-as-feelings and stereotype hypotheses were not consistent with the predicted risk preferences of others but the predictions of the economic-performance hypothesis were consistent with the predicted risk preferences as well as the predicted overconfidence of others. The implications for cross-cultural variations in overconfidence and for cross-cultural variations in risk-taking were discussed.

Organizational Risk Taking and Behavioral Strategy

2012 ◽  
Vol 2012 (1) ◽  
pp. 17341
Author(s):  
Christina Fang ◽  
Torben Juul Andersen ◽  
Richard A Bettis ◽  
Philip Bromiley ◽  
Daniel Feiler ◽  
...  
Keyword(s):  
Risk Taking ◽  
Behavioral Strategy ◽  
Organizational Risk

Exploration of Academic Risk Taking Among College Students

2018 ◽  
Vol 5 (2) ◽  
pp. 17-29
Author(s):  
M. Keith Wright ◽  
Utpal Bose ◽  
Shohreh Hashemi ◽  
Diana Pence
Keyword(s):  
College Students ◽  
Risk Taking ◽  
Risk Preferences ◽  
New Method ◽  
Future Research ◽  
Academic Risk ◽  
Conventional Methods ◽  
Student Risk

This article presents and experimentally tests a new method for measuring student risk preferences where monetary outcomes are not directly involved. The authors call this new method the Lazy Professor Risk Task (LPRT). This article compares the LPRT's results to popular conventional methods where monetary outcomes are involved. The results show that the new method is capable of producing consistent responses at approximately the same rate as comparable conventional methods. In addition, the method produced responses that were no noisier than conventional methods. It is hoped that future research can perfect this new method and use it to compare classroom risk taking to risk taking in other domains.

scholarly journals Depression, Risk Preferences and Risk-taking Behavior

2020 ◽  
pp. 0419-10183R1
Author(s):  
Deborah A. Cobb-Clark ◽  
Sarah C. Dahmann ◽  
Nathan Kettlewell
Keyword(s):  
Risk Taking ◽  
Risk Preferences ◽  
Depression Risk ◽  
Risk Taking Behavior
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