10 August 2011

Who takes risks?

A study shows that the assumption that women take fewer risks than men, and that adolescents do not consider consequences when making decisions isn't entirely correct.

Adolescents can be as cool-headed as adults, and in some realms, women take more risks than men, new research revealed.

A forthcoming paper in Current Directions in Psychological Science, by Bernd Figner, Research Scientist at the Centre for Decision Sciences at Columbia Business School, and Postdoctoral Research Scientist at the University of Amsterdam; and Professor Elke Weber, Co-Director, Centre for Decision Sciences and the Jerome A. Chazen Professor of International Business, Management at Columbia Business School, depicts that the reality of who takes risks, and when, goes beyond stereotypes.

The researchers believe that these differences derive from the different ways men and women perceive risks.  "That difference in perception may be partly because of how familiar men and women are with certain situations. If you have more experience with a risky situation, you may perceive it to be not as risky," Professor Weber explains.


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