Risk Assessment Essay

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assessment.doc

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Domain-Specific Risk Taking

Weber, Blais, Betz (2002), Journal of Behavioral Decision Making

Risk Taking Scale

For each of the following statements, please indicate your likelihood of engaging in each activity or behavior. Provide a rating from 1 to 5, using the following scale:

_________________________________​​​_______________________

1 2 3 4 5

Very Unlikely Not sure Likely Very

unlikely likely

1. Admitting that your tastes are different from those of your friends. (S) _____

2. Going camping in the wilderness, beyond the civilization of a campground. (R) _____

3. Betting a day’s income at the horse races. (G) _____

4. Buying an illegal drug for your own use. (H) _____

5. Cheating on an exam. (E) _____

6. Chasing a tornado or hurricane by car to take dramatic photos. (R) _____

7. Investing 10% of your annual income in a moderate growth mutual fund. (I) _____

8. Consuming five or more servings of alcohol in a single evening. (H) _____

9. Cheating by a significant amount on your income tax return. (E) _____

10. Disagreeing with your father on a major issue. (S) _____

11. Betting a day’s income at a high stake poker game. (G) _____

12. Having an affair with a married man or woman. (E) _____

13. Forging somebody’s signature. (E) _____

14. Passing off somebody else’s work as your own. (E) _____

15. Going on a vacation in a third-world country without prearranged travel and hotel accommodations. (R) _____

16. Arguing with a friend about an issue on which he or she has a very different opinion. (S) _____

17. Going down a ski run that is beyond your ability or closed. (R) _____

18. Investing 5% of your annual income in a very speculative stock. (I) _____

19. Approaching your boss to ask for a raise. (S) _____

20. Illegally copying a piece of software. (E) _____

21. Going whitewater rafting during rapid water flows in the spring. (R) _____

22. Betting a day’s income on the outcome of a sporting event (e.g. baseball, soccer, or football). (G) _____

23. Telling a friend if his or her significant other has made a pass at you. (S) _____

24. Investing 5% of your annual income in a conservative stock. (I) _____

25. Shoplifting a small item (e.g. a lipstick or a pen). (E) _____

26. Wearing provocative or unconventional clothes on occasion. (S) _____

27. Engaging in unprotected sex. (H) _____

28. Stealing an additional TV cable connection off the one you pay for. (E) _____

29. Not wearing a seatbelt when being a passenger in the front seat. (H) _____

30. Investing 10% of your annual income in government bonds (treasury bills). (I) _____

31. Periodically engaging in a dangerous sport (e.g. mountain climbing or sky diving). (R) _____

32. Not wearing a helmet when riding a motorcycle. (H) _____

33. Gambling a week’s income at a casino. (G) _____

34. Taking a job that you enjoy over one that is prestigious but less enjoyable. (S) _____

35. Defending an unpopular issue that you believe in at a social occasion. (S) _____

36. Exposing yourself to the sun without using sunscreen. (H) _____

37. Trying out bungee jumping at least once. (R) _____

38. Piloting your own small plane, if you could. (R) _____

39. Walking home alone at night in a somewhat unsafe area of town. (H) _____

40. Regularly eating high cholesterol foods. (H) _____

Note. E = Ethical, F = Financial, H/S = Health/Safety, R = Recreational, and S = Social.

Total your score for each area and list below.

_____ _____ _____ _____ _____

E F H/S R S

Risk Perception Scale

People often see some risk in situations that contain uncertainty about what the outcome or consequences will be and for which there is the possibility of negative consequences. However, riskiness is a very personal and intuitive notion, and we are interested in your gut level assessment of how risky each situation or behavior is.

For each of the following statements, please indicate how risky you perceive each situation. Provide a rating from 1 to 5, using the following scale:

__________________________________________________________

1 2 3 4 5

Not at all Moderately Extremely risky

risky risky

Expected Benefits Scale

For each of the following statements, please indicate the benefits you would obtain from each situation. Provide a rating from 1 to 5, using the following scale:

________________________________________________

1 2 3 4 5

No benefits Moderate Great benefits

at all benefits

Reference:

Weber, E. U., Blais, A.-R., & Betz, N. (2002). A domain-specific risk-attitude scale: Measuring risk perceptions and risk behaviors. Journal of Behavioral Decision Making, 15, 263-290.