Variable Details

Available Studies

ROS, MAP, MARS, Clinical Core

Scaled? 

Not Scaled

Variable Type 

Longitudinal

Variable Name 

risk

Categories

Decision Making and Behavioral Economics, Affect and Personality

Risk tolerance
Willingness to take risks in general

General willingness to take risks is measured using the following 3 items:

  1. What is your willingness to take risks, in general?
  2. What is or has been over your lifetime your willingness to take risks in financial matters?
  3. What is or has been over your lifetime your willingness to take risks in career decisions?

Participants are asked to rate each questions on a scale from 1 to 10 with 1 indicating to a complete unwillingness to take risks and 10 indicating a complete willingness to take risks. The total score ranges from 3 to 30 and is the sum of the item responses. A higher score relates to greater willingness to take risks.

Note: If more than one question is missing, a score is not calculated.