A Domain-Specific Risk-Taking (DOSPERT) Scale for Adult Populations

Judgment and Decision Making, Vol. 1, No. 1, 2006

15 Pages Posted: 17 Nov 2008 Last revised: 31 Aug 2011

See all articles by Ann-Renee Blais

Ann-Renee Blais

Defense Research and Development Canada

Elke U. Weber

Princeton University - Department of Psychology

Date Written: July 1, 2006

Abstract

This paper proposes a revised version of the original Domain-Specific Risk-Taking (DOSPERT) scale developed by Weber, Blais, and Betz (2002) that is shorter and applicable to a broader range of ages, cultures, and educational levels. It also provides a French translation of the revised scale. Using multilevel modeling, we investigated the risk-return relationship between apparent risk taking and risk perception in 5 risk domains. The results replicate previously noted differences in reported degree of risk taking and risk perception at the mean level of analysis. The multilevel modeling shows, more interestingly, that within-participants variation in risk taking across the 5 content domains of the scale was about 7 times as large as between-participants variation. We discuss the implications of our findings in terms of the person-situation debate related to risk attitude as a stable trait.

Keywords: risk attitude, risk perception, risk taking, personality, psychometric scale

Suggested Citation

Blais, Ann-Renee and Weber, Elke U., A Domain-Specific Risk-Taking (DOSPERT) Scale for Adult Populations (July 1, 2006). Judgment and Decision Making, Vol. 1, No. 1, 2006. Available at SSRN: https://ssrn.com/abstract=1301089

Ann-Renee Blais

Defense Research and Development Canada ( email )

1133 Sheppard Avenue, West
P.O. Box 2000
Toronto
Canada
416-635-2000 Ext. 3082 (Phone)

Elke U. Weber (Contact Author)

Princeton University - Department of Psychology

Green Hall
Princeton, NJ 08540
United States

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