Cross-national differences in risk preference and individual deprivation: a large-scale empirical study

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Canale, N., Vieno, A., Lenzi, M., Griffiths, M.D. ORCID: 0000-0001-8880-6524, Perkins, D.D. and Santinello, M., 2018. Cross-national differences in risk preference and individual deprivation: a large-scale empirical study. Personality and Individual Differences: the Official Journal of the International Society for the Study of Individual Differences (ISSID), 126, pp. 52-60. ISSN 0191-8869

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Official URL: http://doi.org/10.1016/j.paid.2018.01.006

Abstract

Although risk-taking has been found to be associated with economic deprivation, there is little evidence on whether the relation between individual deprivation and propensity for risk-taking is inherent to all individuals, or varies across cultural contexts. Consequently, the present study investigated the interaction effects of macroeconomic factors [Gross Domestic Product (GDP) per capita and Human Development Index (HDI)] in the relationship between individual deprivation and propensity for risk-taking using the World Values Survey data from 58 countries (N = 87,223). On average, individuals in more developed countries (higher HDI) had less propensity for risk-taking. In contradiction to this, the positive association between individual deprivation and risk-taking was stronger in countries with higher GDP per capita. The present study suggests that the association between individual deprivation and propensity for risk-taking varies with environmental variables assessing the socio-economic development of a country.

Item Type:

Journal article

Publication Title:

Personality and Individual Differences: the Official Journal of the International Society for the Study of Individual Differences (ISSID)

Creators:

Canale, N., Vieno, A., Lenzi, M., Griffiths, M.D., Perkins, D.D. and Santinello, M.

Publisher:

Elsevier Ltd.

Date:

1 May 2018

Volume:

126