Risk seeking / Risk aversion scales [Gilad Feldman Research WIKI]

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====== Risk seeking / Risk aversion scales ======


From the [[http://ipip.ori.org/newIndexofScaleLabels.htm|International Personality Item Pool (2001)]] / [[http://www.timothy-judge.com/Colquitt%20et%20al.%20OBHDP%202006.pdf|Colquitt et al. 2006 OBHDP]]

====== The scale ======

The Colquitt et al has the following (risk averse, page 118):
<blockquote>
Risk aversion was also assessed using 6 items from
the International Personality Item Pool (2001). Items
included: 
  - I enjoy being reckless (R)
  - I take risks (R)
  - I seek danger (R)
  - I seek adventure (R)
  - I would never go hang-gliding or bungee jumping
  - I would never make a high risk investment

Coefficient for this scale was .82.
</blockquote>

I ran these from the [[https://ipip.ori.org/newJPI-RKey.htm|IPIP (risk taking)]] (cite as: IPIP Risk-Taking scale (Goldberg, 1999, Jackson, 1994)) :
<blockquote>
  - I enjoy being reckless
  - I take risks
  - I seek danger
  - I seek adventure
  - I am willing to try anything once
  - I would never make a high risk investment (R)
  - I avoid dangerous situations (R)
  - I do crazy things
</blockquote>

I personally used a Likert scale from 1 (strongly disagree) to 7 (strongly agree).
<code>

recode risktaking_6 risktaking_7  (1=7) (2=6) (3=5) (4=4) (5=3) (6=2) (7=1) (ELSE=SYSMIS) into risktaking_6r risktaking_7r.
compute risktaking=mean(risktaking_1, risktaking_2, risktaking_3, risktaking_4, risktaking_5, risktaking_6r, risktaking_7r, risktaking_8).
EXECUTE.

RELIABILITY
  /VARIABLES=risktaking_1, risktaking_2, risktaking_3, risktaking_4, risktaking_5, risktaking_6r, risktaking_7r, risktaking_8
  /SCALE('Risk taking') ALL
  /MODEL=ALPHA.
</code>