TY - JOUR
T1 - Measuring an individual's tendency to take risks: the Risk Propensity Scale.
AU - Meertens, R.M.
AU - Lion, R.
PY - 2008/1/1
Y1 - 2008/1/1
N2 - A new, short, and easily administered Risk Propensity Scale (RPS) is introduced that measures general risk-taking tendencies. This paper investigates the reliability and discriminant validity of the RPS. The RPS provided scores that yielded a good internal reliability coefficient and adequate test-retest reliability, and the scores correlated moderately to well with those of the Everyday Risk Inventory and the short Sensation-Seeking Scale. The correlation with the scores from other scales (Need for Cognition scale, Need for Structure scale, and 2 self-esteem scales) was low to moderate, indicating good discriminant validity. The findings are discussed in relation to risk-perception research using gambling experiments and in relation to their usefulness for risky decision-making research.
AB - A new, short, and easily administered Risk Propensity Scale (RPS) is introduced that measures general risk-taking tendencies. This paper investigates the reliability and discriminant validity of the RPS. The RPS provided scores that yielded a good internal reliability coefficient and adequate test-retest reliability, and the scores correlated moderately to well with those of the Everyday Risk Inventory and the short Sensation-Seeking Scale. The correlation with the scores from other scales (Need for Cognition scale, Need for Structure scale, and 2 self-esteem scales) was low to moderate, indicating good discriminant validity. The findings are discussed in relation to risk-perception research using gambling experiments and in relation to their usefulness for risky decision-making research.
U2 - 10.1111/j.1559-1816.2008.00357.x
DO - 10.1111/j.1559-1816.2008.00357.x
M3 - Article
SN - 0021-9029
VL - 38
SP - 1506
EP - 1520
JO - Journal of Applied Social Psychology
JF - Journal of Applied Social Psychology
ER -