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    The role of perceived costs and perceived benefits in the relationship between personality and risk‐related choices

    Soane, E. and Dewberry, Chris and Narendranath, S. (2010) The role of perceived costs and perceived benefits in the relationship between personality and risk‐related choices. Journal of Risk Research 13 (3), pp. 303-318. ISSN 1366-9877.

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    Abstract

    This paper considers how perceptions of costs and benefits can influence the association between personality and risky choice behaviour. We assessed perceptions and behaviours in six domains (ethical; investment; gambling; health and safety; recreational; social) using the DOSPERT and measured personality using the NEO PI‐R. Results from structural equation modelling showed that personality had a direct effect on risky choice behaviour in four domains (social, ethical, gambling and recreational risk‐taking). In addition, perceived costs and benefits mediated the relations between personality and risk‐taking in the five domains (social, ethical, gambling, recreational and investment risk‐taking). Evidence for a mechanism that integrates both direct and indirect effects of personality on behaviour is discussed.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): personality, NEO PI–R, risk, cost, benefit, decision‐making
    School: School of Business, Economics & Informatics > Organizational Psychology
    Depositing User: Administrator
    Date Deposited: 20 Jun 2013 08:28
    Last Modified: 11 Oct 2016 11:58
    URI: https://eprints.bbk.ac.uk/id/eprint/7498

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