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Perception of Risk Due to Online Hazards

Posted: 3 Nov 2011 Last revised: 9 Dec 2013

Easwar A. Nyshadham

Nova Southeastern University

Isaac J. Gabriel

EZ Resort Vacations

Date Written: November 1, 2011

Abstract

Increasingly and across several disciplines, risk is viewed as an emotional and affective response to hazards, rather than as simply a function of likelihood and consequence. We study people's perception of risk due to online hazards as affect-laden judgments using the psychometric paradigm. Analysis of data collected using real life consumers suggests that people use four factors or dimensions in judging risks due to online hazards. The first dimension is named Potential Loss and is related to the magnitude of consequences and potential for delayed consequences. Loss of Control is the second dimension and loads on lack of ability to control the risk and inability to reduce risk due to an online hazard. Lack of Knowledge and Inability to Avoid the Risk are the third and fourth dimensions. We discuss implications for future research.

Keywords: Online Hazards, Risk Perception, Psychometric Paradigm, Affect Heuristic, Risk as Feelings

Suggested Citation

Nyshadham, Easwar A. and Gabriel, Isaac J., Perception of Risk Due to Online Hazards (November 1, 2011). Available at SSRN: https://ssrn.com/abstract=1953929 or http://dx.doi.org/10.2139/ssrn.1953929

Easwar A. Nyshadham (Contact Author)

Nova Southeastern University ( email )

3301 College Avenue
Ft. Lauderdale, FL 33314
United States

HOME PAGE: http://scis.nova.edu/~easwar

Isaac J. Gabriel

EZ Resort Vacations ( email )

311 Horton HWY
Mineola, NY 11501
United States

HOME PAGE: http://www.ezresortvacations.com

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