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

Soane, Emma, Dewberry, Chris and Narendran, Sunitha (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.

Item Type: Article
Official URL: http://www.tandf.co.uk/journals/titles/13669877.as...
Additional Information: © 2010 Taylor & Francis Group
Library of Congress subject classification: H Social Sciences > HF Commerce
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Sets: Departments > Management
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: UT ISI:000277569200005
Date Deposited: 15 Jun 2010 10:32
URL: http://eprints.lse.ac.uk/28353/

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