Development and validation of the General Risk Propensity Scale (GRiPS)

Abstract. Risk-taking is a long-standing area of inquiry among psychologists and economists. In this paper, we examine the personality profile of risk-takers in two independent samples. Specifically, we examined the association between the Big Five facets and risk-taking propensity across two measures: The Domain-Specific Risk-Taking Scale (DOSPERT) and the General Risk Propensity Scale (GRiPS). At the Big Five domain level, we found that extraversion and agreeableness were the primary predictors of risk-taking. However, facet-level analyses revealed that responsibility, a facet of conscientiousness, explained most of the total variance accounted for by the Big Five in both risk-taking measures. Based on our findings across two samples ( n = 764), we find that the personality profile of a risk-taker is extraverted, open to experiences, disagreeable, emotionally stable, and irresponsible. Implications for the risk measurement are discussed.

Download Full-text

Validation of the Sitkin‐Weingart Business Risk Propensity Scale

Management Research News ◽

10.1108/eb028584 ◽

1997 ◽

Vol 20 (12) ◽

pp. 39-48 ◽

Cited By ~ 5

Author(s):

Richard A. Huff ◽

Mark Keil ◽

Leon Kappelman ◽

Victor Prybutok

Keyword(s):

Business Risk ◽

Risk Propensity ◽

Propensity Scale

Download Full-text

Developing a scale to understand willingness to sacrifice personal safety for companion animals: The Pet-Owner Risk Propensity Scale (PORPS)

International Journal of Disaster Risk Reduction ◽

10.1016/j.ijdrr.2016.12.004 ◽

2017 ◽

Vol 21 ◽

pp. 205-212 ◽

Cited By ~ 6

Author(s):

Joshua Trigg ◽

Bradley Smith ◽

Pauleen Bennett ◽

Kirrilly Thompson

Keyword(s):

Companion Animals ◽

Personal Safety ◽

Risk Propensity ◽

Willingness To Sacrifice ◽

Pet Owner ◽

Propensity Scale

Download Full-text

Why Risk It? Athletes' Return to Sport Decisions Following Concussion Injuries: A Pilot Study

10.20944/preprints202006.0064.v1 ◽

2020 ◽

Author(s):

Victoria Waterworth ◽

Alexander Procyk ◽

Elisa Canetti ◽

Wayne Hing ◽

Suzanne Gough

Keyword(s):

Risk Taking ◽

Return To Sport ◽

Influential Factors ◽

Risk Propensity ◽

Electronic Survey ◽

Education Group ◽

Internal And External Factors ◽

Education Groups ◽

Propensity Scale ◽

Concussion Education

Purpose: To explore the influence of education and other factors on an athlete’s decision to return to sport post-concussion injury, and whether general risk-taking tendencies are related to return to sport post-concussion decisions in these athletes. Participants and Methods: A self-administered electronic survey was designed to examine their decision-making process when faced with scenario-based questions regarding returning to sport post-concussion injury. Students from the Health Sciences and Medicine Faculty at Bond University were invited to participate. Participants were allocated to a concussion education or non-education group prior to commencement of questionnaire via the random generator on Qualtrics software function. The risk propensity scale was used to assess the risk aversion of each participant. Results: Sixteen respondents were randomized evenly to education and non-education groups. Seven (43.8%) had previously received concussion education training prior to completing the questionnaire, with one (14%) choosing to return to sport in the scenario-based questions. The education group reported two (25%) respondents return to sport, while three (75%) respondents out of four returned to sport with no education or previous concussion training. Influential factors that impacted the decision whether to return to sport or not included: game importance, concussion severity and symptoms, and various internal and external factors. Finally, there was a divergence in results from the risk propensity scale when deciding to return to sport and general risk-taking propensities. Conclusion: This study identified several influential factors including game importance, concussion severity and symptoms which play a significant role in the return to sport decisions post-concussion injury.

Download Full-text

How to Measure Propensity to Take Risks in the Italian Context: The Italian Validation of the Risk Propensity Scale

Psychological Reports ◽

10.1177/00332941211054777 ◽

2021 ◽

pp. 003329412110547

Author(s):

Giulia Marton ◽

Dario Monzani ◽

Laura Vergani ◽

Silvia Francesca Maria Pizzoli ◽

Gabriella Pravettoni

Keyword(s):

Decision Making ◽

Factor Structure ◽

Discriminant Validity ◽

Self Report ◽

Implicit Measure ◽

Risk Propensity ◽

Italian Version ◽

Italian Context ◽

Almost All ◽

Propensity Scale

Risk propensity is a multifaced construct that influences many aspects of life, such as decision making. In the present study, the psychometric characteristics of the Risk Propensity Scale (RPS) have been explored for the first time in an Italian sample. The RPS is a 7 item self-report questionnaire measuring people’s tendency to take risks. The English RPS has been translated following the forward–backwards translation method, and it was filled out by 199 participants. Since its dimensionality has never been explored before, its factor structure has been analysed with exploratory factor analysis that confirmed the one-factor structure of the questionnaire and the retention of all the items. The Italian version of the RPS has high internal consistency (Cronbach alphas .78), and almost all the items were positively and significantly correlated. The convergent and discriminant validity, analysed by considering the associations with decision-making styles and an implicit measure of risk propensity, were satisfactory. Overall, the Italian version of the RPS is a valid and quick questionnaire useful to measure propensity to take risks in the Italian context.

Download Full-text