This is an old revision of the document!
Risk seeking / Risk aversion scales
The scale
The Colquitt et al has the following (risk averse, page 118):
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 investmentCoefficient for this scale was .82.
I ran these from the IPIP (risk taking) :
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
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.