Peer-Reviewed Journal Details
Mandatory Fields
Garvey, J
2010
Journal Of Risk Research
An investigation into risk propensity in bull and bear markets
Published
()
Optional Fields
risk propensity decision-making prospect theory PROSPECT-THEORY PERSONALITY CHOICE PERSPECTIVE DECISION PERCEPTIONS UNCERTAINTY JUDGMENT BEHAVIOR ATTITUDE
13
6
789
804
This paper addresses the primary contribution of prospect theory against the landscape of an individual's self-attributed risk propensity. Risk propensity is captured using the IPI psychometric questionnaire for a sample of 521 participants. Participants are also presented with probability-based decisions, that are framed as both negative and positive prospects. Results show that personality constructs, specifically risk-taking, become a consistent and emerging factor in decision-making within the positive domain. In the negative domain, personality constructs associated with risk become more muted and are less likely to be a factor in decision-making.
1366-9877
10.1080/13669870903560283
Grant Details