scholarly journals Bursting balloons - comparison of risk taking between extreme sports, esports, and the general public

2021 ◽  
Author(s):  
Lucas Keller ◽  
Maik Bieleke ◽  
Wanja Wolff
Keyword(s):  
Risk Taking ◽  
General Public ◽  
Risk Measures ◽  
Significant Risk ◽  
Behavioral Risk ◽  
Extreme Sports ◽  
Specific Risk ◽  
Risk Appetite ◽  
Self Reports ◽  
Risk Taking Behavior

AbstractArguably, extreme sports athletes exhibit a more significant risk appetite than the general public. Are standard behavioral risk measures able to capture this? To answer this question, we assessed self-reports of risk taking and measured the risk-taking behavior of samples of snowboarders and climbers. Two groups of non-athletes, university students and crowdworkers, and athletes of a sport that does not include the potential of grave injury or death, esports athletes, serve as control conditions and complement our study. Across these five different groups, 1313 participants performed an online version of the Balloon Analogue Risk Task (BART) and gave self-reports of general willingness to take risks and sports-specific risk taking. Extreme sports athletes exhibited greater risk taking in the BART than non-athletes and esports athletes. Furthermore, BART-performance predicted sports-specific risk taking and its affective consequences. Our results speak to the BART’s ecological validity and the unique role of physical consequences on risk-taking behavior.

scholarly journals Preprint: Bursting Balloons - Comparison of Risk Propensity Between Extreme Sports Esports and the General Public

2021 ◽  
Author(s):  
Lucas Keller ◽  
Maik Bieleke ◽  
Wanja Wolff
Keyword(s):  
Risk Taking ◽  
General Public ◽  
Significant Risk ◽  
Behavioral Risk ◽  
Risk Propensity ◽  
Extreme Sports ◽  
Specific Risk ◽  
Risk Appetite ◽  
Self Reports ◽  
Risk Taking Behavior

Arguably, extreme sports athletes exhibit a more significant risk appetite than the general public. Are standard behavioral risk measures able to capture this? To answer this question, we assessed self-reports of risk taking and measured the risk-taking behavior of samples of snowboarders and climbers. Two groups of non-athletes, university students and crowdworkers, and athletes of a sport that does not include the potential of grave injury or death, esports athletes, serve as control conditions and complement our study. Across these five different groups, 1313 participants performed an online version of the Balloon Analogue Risk Task (BART) and gave self-reports of general risk-taking propensity and sports-specific risk taking. Extreme sports athletes exhibited greater risk propensity in the BART than non-athletes and esports athletes. Furthermore, BART-performance predicted sports-specific risk taking and its affective consequences. Our results speak to the BART’s ecological validity and the unique role of physical consequences on risk-taking behavior.

scholarly journals Examining Risk-Taking Behavior and Sensation Seeking Requirement in Extreme Athletes

2017 ◽  
Vol 6 (1) ◽  
pp. 330 ◽  
Author(s):  
Ali Agilonu ◽  
Gulsum Bastug ◽  
Tonguc Osman Mutlu ◽  
Adem Pala
Keyword(s):  
Risk Taking ◽  
Sensation Seeking ◽  
Female Athletes ◽  
Extreme Sports ◽  
Male Athletes ◽  
Adrenaline Release ◽  
Risk Taking Behavior ◽  
And Gender ◽  
Data Frequency

Extreme sports are sport branches which include actions, adventures, risks and difficulties more rather than other sports. Special materials are used in sport branches such as surfing, kite surfing, sailing, snowboarding, paragliding, diving, mountaineering, motor sports and adrenaline release is more rather than in other sport branches. On the contrary, the situation for being eager to seek excitement and take risks with a view to having new experiences has been observed. It has been considered whether sensation seeking requirement and risk-taking behavior had effects upon each other. The aim of the study was to analyze sensation seeking and risk-taking behavior in extreme athletes. Total 101 extreme athletes including 31 females, 70 males with an age average of 22.03 ± 6.77 participated in the research. In order to determine athletes’ sensation seeking levels, “Arnett Inventory of Sensation Seeking” developed by Arnett (1994) and in order to determine their risk-taking behavior, “Risk Involvement and Perception Scale” developed by Siegel et al. (1994) were used. In evaluation of research data, frequency analysis, independent t test, in determination of relation between risk-taking and sensation seeking, correlation test were utilized.In conclusion, significant differences were found in risk-taking behavior, sensation seeking requirement and gender variable among the extreme athletes. In the male athletes sensation seeking requirement and risk-taking behavior had higher averages than the female athletes. Among the extreme athletes, significant relations were determined between risk-taking behavior and sensation seeking requirement. When risk-taking behavior values were high, sensation seeking requirement values were regarded to be high.

Mindsets Affect Risk Perception and Risk-Taking Behavior

2017 ◽  
Vol 48 (3) ◽  
pp. 135-147 ◽  
Author(s):  
Lucas Keller ◽  
Peter M. Gollwitzer
Keyword(s):  
Risk Perception ◽  
Life Events ◽  
Risk Taking ◽  
Negative Life Events ◽  
Theory Of Action ◽  
Behavioral Risk ◽  
Risk Taking Behavior ◽  
Action Phases ◽  
Mindset Theory

Abstract. In two experiments, we investigated the downstream consequences of activating deliberative versus implemental mindsets on risk perception (Experiment 1) and risk-taking behavior (Experiment 2). We hypothesized that participants in an implemental versus deliberative mindset arrive at more optimistic judgments about their own risks of experiencing negative life events, compared to other peoples’ risks. The results of Experiment 1 confirm this hypothesis and reveal perceived controllability as an important moderator. Experiment 2 further augments these findings by demonstrating that participants in a deliberative mindset show less risk-taking behavior than participants in an implemental mindset using a behavioral risk task. Implications for research on mindset theory of action phases and mindset-dependent effects on risk perception and risk-taking behavior are discussed.

scholarly journals State Ownership and Risk-Taking Behavior: An Empirical Approach to Get Better Profitability, Investment, and Trading Strategies for Listed Corporates in Vietnam

Economies ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 46
Author(s):  
Tran Thai Ha Nguyen ◽  
Massoud Moslehpour ◽  
Thi Thuy Van Vo ◽  
Wing-Keung Wong
Keyword(s):  
Risk Taking ◽  
Dominant Role ◽  
Generalized Method Of Moments ◽  
Trading Strategy ◽  
State Ownership ◽  
Trading Strategies ◽  
Risk Appetite ◽  
Risk Taking Behavior ◽  
Corporate Risk ◽  
The Impact

Corporate risk-taking behavior and investment is a crucial factor in order to seek higher profits and a better trading strategy. Competitive advantage and innovation, while maintaining profitability and state ownership, are considered as crucial resources. Furthermore, it is essential to connect the short-term and long-term business and investment objectives plus stakeholder’s expectations to corporate sustainability and development. This connection is especially important in the context of transforming economies and getting better trading strategies. This study estimates the relationship between state ownership, profitability, corporate risk-taking behavior, and investment in Vietnam by using Generalized Method of Moments (GMM) methods. Using the data of 501 listed non-financial corporates during the period 2007–2015 from Ho Chi Minh City and Hanoi Stock Exchanges, we find that profitability is determined as a factor to reduce corporate risk-taking acceptance caused by the chances of entrenchment. Meanwhile, the impact of state ownership on the risk appetite of corporate has a non-linear effect. In particular, state ownership reduces corporate risk-taking behavior and investment but yet increases the risk-taking behavior and investment when the state ownership rate exceeds a threshold. One the one hand, this implies that the low level of state ownership not only prevents risk-taking behavior and investment but also results in more severe agency problems, causing unsustainability due to the imbalance of interests among various stakeholders. On the other hand, a dominant role of state ownership concentration causes a boost in corporate risk-taking decision-making in investment and trading strategy, leveraging the connection of significant external resources to deal with uncertain problems. The study contributes to existing theories of corporate governance in the context of a socialist-oriented market.

The risk-capital-efficiency trilogy

2016 ◽  
Vol 42 (12) ◽  
pp. 1226-1252 ◽  
Author(s):  
Salma Louati ◽  
Awatef Louhichi ◽  
Younes Boujelbene
Keyword(s):  
Risk Taking ◽  
Risk Measures ◽  
Islamic Banks ◽  
Risk Capital ◽  
Mena Region ◽  
Macroeconomic Factors ◽  
Content Type ◽  
Modest Contribution ◽  
Capital Efficiency ◽  
Risk Taking Behavior

Purpose Based on a matched sample of 34 Islamic banks and 89 conventional ones, the purpose of this paper is to analyze and compare the risk-capital-efficiency interconnection. Design/methodology/approach Based on the triple square model (3SLS), two major risk measures have been accounted for, namely, the ratio of non-performing loans to total loans (credit risk) and the z-score indicator (risk insolvency). In addition, certain bank-specific factors as well as macroeconomic ones have also been considered in the model. Findings The reached results appear to reveal that the best capitalized Western banks turn out to be more engaged in an excessive risk-taking behavior, resulting in increased toxic-loan ratios and, simultaneously, a rather shaken stability. Concerning Islamic banks, cost efficiency has proven to have a negative and significant effect on NPLs. However, the capital, technical efficiency, competitiveness and macroeconomic factors turn out to have a significant and positive effect on Islamic banks’ insolvency risk, thus helping promote these banks’ stability. Originality/value In addition to the enrichment of literature regarding dual-banking systems, the authors hope the present work would provide a modest contribution to the regulators belonging to the MENA region and Asia with useful results. In particular, the authors recommend developing some management and monitoring tools whereby the risk-taking behavior of highly capitalized conventional banks could be moderated. As a matter of fact, special attention should be paid to the agency problems prevalent within Islamic financial institutions, particularly the best capitalized ones.

scholarly journals Reduced risk-taking behavior during frontal oscillatory theta band neurostimulation

2020 ◽  
Author(s):  
Aline M. Dantas ◽  
Alexander T. Sack ◽  
Elisabeth Bruggen ◽  
Peiran Jiao ◽  
Teresa Schuhmann
Keyword(s):  
Brain Stimulation ◽  
Risk Taking ◽  
Response Times ◽  
Specific Effect ◽  
Regulatory Control ◽  
Behavioral Risk ◽  
Theta Band ◽  
Transcranial Alternating Current Stimulation ◽  
Risk Taking Behavior ◽  
Band Activity

AbstractBackgroundMost of our decisions involve a certain degree of risk regarding the outcomes of our choices. People vary in the way they make decisions, resulting in different levels of risk-taking behavior. These differences have been linked to prefrontal theta band activity. However, a direct functional relationship between prefrontal theta band activity and risk-taking has not yet been demonstrated.ObjectiveWe used noninvasive brain stimulation to test the functional relevance of prefrontal oscillatory theta activity for the regulatory control of risk-taking behavior.MethodsIn a within-subject experiment, 32 healthy participants received theta [4-8 Hertz (Hz)], gamma (30-50 Hz), and sham transcranial alternating current stimulation (tACS) over the left prefrontal cortex (lPFC). During stimulation, participants completed a task assessing their risk-taking behavior as well as response times and sensitivity to value and outcome probabilities. Electroencephalography (EEG) was recorded before and immediately after stimulation.ResultsTheta-band, but not gamma-band or sham, tACS led to a significant reduction in risk-taking behavior, indicating a frequency-specific effect of prefrontal brain stimulation on the modulation of risk-taking behavior. Moreover, theta-band stimulation led to increased response times and decreased sensitivity to reward values. EEG data analyses did not show an increase in power in the stimulated frequencies.ConclusionThese findings provide direct empirical evidence for the effects of prefrontal theta-band stimulation on behavioral risk-taking regulation.

scholarly journals Preprint: Boredom proneness predicts self-assessed decision errors in sports but is unrelated to risk taking in general

2021 ◽  
Author(s):  
Wanja Wolff ◽  
Maik Bieleke ◽  
Lucas Keller
Keyword(s):  
Decision Making ◽  
Skill Acquisition ◽  
Risk Taking ◽  
Self Regulation ◽  
Preliminary Evidence ◽  
Extreme Sports ◽  
Specific Risk ◽  
Increased Risk ◽  
Boredom Proneness ◽  
Decision Errors

Introduction: Boredom proneness is linked to poor self-regulation, leading to poor decision making and/or increased risk taking. These links have not yet been investigated in the domain of sports and exercise. However, poor decisions or excessive risk behavior would be highly detrimental to sporting performance and, in some cases, even cause physical harm. Here, we address this gap by assessing if boredom proneness is linked to general risk taking, sport-specific risk taking, and to regrets about sports-specific decision errors with respect to acting too risky or too passively.Methods: N = 936 athletes (27.6 ± 9.0 years, 89.6% men) – n = 330 Climbers (31.8 ± 10.7 years, 82.4% men), n = 83 Snowboarders (29.9 ± 8.3 years, 79.5% men), and n = 523 Esports athletes (24.6 ± 6.3 years, 95.8% men) – completed the Short Boredom Proneness Scale (SBPS), along with measures for objective risk taking (Balloon Analogue Risk Task; BART), subjective risk taking (general willingness to take risks), as well as assessments for sport-specific risk taking and regrets for sports-specific decision errors (taking too many risks, failing to act at all). In the two extreme sports samples (Climbers and Snowboarders), we additionally assessed self-selected outcome certainty in a hypothetical sports-specific scenario where an error would result in physical harm.Results: A series of multiple regression analyses revealed that boredom proneness was unrelated to objective and subjective general risk taking, but a significant predictor of sport-specific risk taking and higher risk taking in the sports scenario (Climbers and Snowboarders only). Most importantly, boredom proneness predicted regrets for taking too many risks and being too passive. Exploratory post-hoc analyses further indicated that boredom proneness in extreme sports athletes was lower than in esports athletes. Higher boredom proneness was significantly related to lower skill levels across all kinds of sport.Discussion: Across three athlete samples, boredom proneness was unrelated to general risk taking but significantly related to poorer decision making, as indicated by regrets about acting too risky and too passively, as well as demanding a significantly lower safety threshold to make a risky sports-specific choice. While at odds with the often reported link between boredom proneness and risk taking, these results are consistent with the conceptualization of boredom proneness as a maladaptive self-regulatory disposition that leads to noisy decision making in sports. In addition, we provide preliminary evidence that boredom proneness covaries with self-selection into specific types of sports and might also stand in the way of skill acquisition in sports.

Predicting Stock Market Performance

2020 ◽  
pp. 1-10
Author(s):  
Thomas Plieger ◽  
Thomas Grünhage ◽  
Éilish Duke ◽  
Martin Reuter
Keyword(s):  
Stock Market ◽  
Risk Taking ◽  
Life Stress ◽  
Price Volatility ◽  
Individual Characteristics ◽  
Self Report ◽  
Financial Behavior ◽  
Market Simulation ◽  
Stock Market Performance ◽  
Risk Taking Behavior

Abstract. Gender and personality traits influence risk proneness in the context of financial decisions. However, most studies on this topic have relied on either self-report data or on artificial measures of financial risk-taking behavior. Our study aimed to identify relevant trading behaviors and personal characteristics related to trading success. N = 108 Caucasians took part in a three-week stock market simulation paradigm, in which they traded shares of eight fictional companies that differed in issue price, volatility, and outcome. Participants also completed questionnaires measuring personality, risk-taking behavior, and life stress. Our model showed that being male and scoring high on self-directedness led to more risky financial behavior, which in turn positively predicted success in the stock market simulation. The total model explained 39% of the variance in trading success, indicating a role for other factors in influencing trading behavior. Future studies should try to enrich our model to get a more accurate impression of the associations between individual characteristics and financially successful behavior in context of stock trading.

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