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

Article


Soane, Emma, Dewberry, Chris and Narendran, 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.
AuthorsSoane, Emma, Dewberry, Chris and Narendran, S.
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.

JournalJournal of Risk Research
Journal citation13 (3), pp. 303-318
ISSN1466-4461
1366-9877
Year2010
PublisherTaylor & Francis
Digital Object Identifier (DOI)doi:10.1080/13669870902987024
Web address (URL)http://eprints.lse.ac.uk/28353/
Publication dates
Print24 Mar 2010
Publication process dates
Deposited17 Nov 2016
Additional information

An open access version of this paper, via LSE Research Online, can be found at: http://eprints.lse.ac.uk/28353/

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