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University of Basel

30 October 2017

Willingness to Take Risks - a Personality Trait

Individuals’ general factor of risk preference remains relatively stable over time.
Individuals’ general factor of risk preference remains relatively stable over time. (Foto: Dmitry Rozhkov/Wikimedia Commons, CC BY-SA 3.0)

People differ in their willingness to take risks. An individual’s propensity for risk taking can also vary across domains. However, there is new evidence showing that there is also a general factor of individual risk preference, which remains stable over time – akin to the general Intelligence Quotient (IQ). Researchers from Switzerland and Germany report these findings based on over 1500 participants in the journals Science Advances and Nature Human Behaviour.

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