Development and validation of the General Risk Propensity Scale (GRiPS)
Despite the widespread interest in understanding and identifying risk takers by psychologists, clinicians, and economists, the risk literature currently lacks consensus regarding the nature of risk taking and its measurement. Existing measures of risk taking are predominantly domain‐specific despite...
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| Published in | Journal of behavioral decision making Vol. 32; no. 2; pp. 152 - 167 |
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| Main Authors | , , |
| Format | Journal Article |
| Language | English |
| Published |
Chichester
Wiley Periodicals Inc
01.04.2019
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| Subjects | |
| Online Access | Get full text |
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| Abstract | Despite the widespread interest in understanding and identifying risk takers by psychologists, clinicians, and economists, the risk literature currently lacks consensus regarding the nature of risk taking and its measurement. Existing measures of risk taking are predominantly domain‐specific despite emerging support for risk taking as a domain‐general disposition. In the present paper, we examine the nature of risk taking as a domain‐general personality disposition and develop a concise measure: the General Risk Propensity Scale (GRiPS). Data from 1,523 participants across five studies provided evidence for its construct validity. The GRiPS converged with other self‐report measures of risk taking and provided incremental prediction of work, academic, and life outcomes over and above the five‐factor model of personality and the Domain‐Specific Risk Taking Scale. |
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| AbstractList | Despite the widespread interest in understanding and identifying risk takers by psychologists, clinicians, and economists, the risk literature currently lacks consensus regarding the nature of risk taking and its measurement. Existing measures of risk taking are predominantly domain‐specific despite emerging support for risk taking as a domain‐general disposition. In the present paper, we examine the nature of risk taking as a domain‐general personality disposition and develop a concise measure: the General Risk Propensity Scale (GRiPS). Data from 1,523 participants across five studies provided evidence for its construct validity. The GRiPS converged with other self‐report measures of risk taking and provided incremental prediction of work, academic, and life outcomes over and above the five‐factor model of personality and the Domain‐Specific Risk Taking Scale. |
| Author | Nye, Christopher D. Zhang, Don C. Highhouse, Scott |
| Author_xml | – sequence: 1 givenname: Don C. orcidid: 0000-0003-3438-9168 surname: Zhang fullname: Zhang, Don C. email: zhang1@lsu.edu organization: Louisiana State University – sequence: 2 givenname: Scott surname: Highhouse fullname: Highhouse, Scott organization: Bowling Green State University – sequence: 3 givenname: Christopher D. surname: Nye fullname: Nye, Christopher D. organization: Michigan State University |
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| SubjectTerms | Behavior Decision making DOSPERT Economists individual differences Measurement Personality Psychologists Risk risk propensity Risk taking scale development Validity |
| Title | Development and validation of the General Risk Propensity Scale (GRiPS) |
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