Research report 2017 - Max Planck Institute for Human Development

The R factor: Is risk preference a personal trait?

Authors
Hertwig, Ralph
Departments
Forschungsbereich für Adaptive Rationalität
Summary
People differ widely in their willingness to take risks. Moreover, an individual’s propensity for risk taking can vary across domains. But new research shows that – akin to the general factor of intelligence – there appears to be a general factor of risk preference, which remains relatively stable over time. Importantly, this factor cannot be assessed by conventional behavioral tests, which often yield contradictory results. The new findings cast light on the nature of human risk-taking propensity.

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