The role of perceived costs and perceived benefits in the relationship between personality and risk‐related choices
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.
|Authors||Soane, Emma, Dewberry, Chris and Narendran, S.|
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.
|Journal||Journal of Risk Research|
|Journal citation||13 (3), pp. 303-318|
|Publisher||Taylor & Francis|
|Digital Object Identifier (DOI)||doi:10.1080/13669870902987024|
|Web address (URL)||http://eprints.lse.ac.uk/28353/|
|24 Mar 2010|
|Publication process dates|
|Deposited||17 Nov 2016|
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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