Risk attitude in case of losses or gains – an experimental study

Rólczyński, Tomasz; Forlicz, Maria; Kuźmiński, Łukasz

doi:10.1080/1351847x.2015.1062789

Cited by 5 publications

(4 citation statements)

References 30 publications

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“…Mathematically correct way to assess a certain equivalent of a gamble is to calculate its expected value, but as many scientists indicate that the valuation of a gamble by a person is often affected by other factors (Kahneman, Tversky, 1979). As shown by the authors (Rólczyński, Forlicz, Kuźmiński, 2015), people in specific conditions are willing to give up part of the possessed goods to be able to keep the rest for sure, even if the rest is less than the expected value of the game. The results of decisions can also depend on, inter alia, gender, ability to earn and whether the game concernes the potential gains or losses.…”

Section: Methodology and Research Resultsmentioning

confidence: 99%

Level of Knowledge and Answers Given in a Survey Research. Example of Insurance Preferences Survey

Forlicz

Rólczyński

2016

Studia I Prace WNEiZ

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W artykule zaproponowano ujęcie konkurencyjności międzynarodowej jako katalizatora produktywności ekonomicznej. Przyjęto, iż jest to właściwość, która określa zdolność kraju do tworzenia warunków wzrostu produktywności oraz pożądanych zachowań rynkowych w sytuacji, gdy kraje pozostałe czynią to lepiej, sprawniej i efektywniej. Tak pojęta konkurencyjność tkwi w otoczeniu procesów produkcyjnych, sprzyjając wzrostowi gospodarczemu. Słowa kluczowe: konkurencyjność międzynarodowa, wzrost gospodarczy, katalizator produktywności Wprowadzenie Celem artykułu jest ustalenie teoretycznych podstaw ekonomicznych koncepcji "konkurencyjności międzynarodowej" (rozumianej jako "konkurencyjność kraju") zaproponowanej przez Portera (1990), która jest stosowana przy sporządzaniu rankingów krajów, między innymi przez Światowe Forum Ekonomiczne (World Economic Forum-WEF) oraz Międzynarodowy Instytut Zarządzania Rozwojem

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Section: Methodology and Research Resultsmentioning

confidence: 99%

Level of Knowledge and Answers Given in a Survey Research. Example of Insurance Preferences Survey

Forlicz

Rólczyński

2016

Studia I Prace WNEiZ

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“…9 Many older individuals' healthcare-seeking behaviour is associated with risk perceptions regarding gains and losses. 10 They are risk-seeking regarding gains and risk-adverse regarding losses. 11 They are cautious when making decisions, which are based on initial risk perceptions, 12 and more risk averse than younger individuals.…”

Section: Older Individuals' Risk Perceptions and Risk Attitudementioning

confidence: 99%

“…Many older individuals' healthcare‐seeking behaviour is associated with risk perceptions regarding gains and losses 10 . They are risk‐seeking regarding gains and risk‐adverse regarding losses 11 .…”

Section: Contextmentioning

confidence: 99%

Risk perceptions and risk‐averse attitude influenced older patients' first‐diagnosis‐seeking behaviour at tertiary hospitals

Ruan

Dai

Zhu

2022

Health Planning & Management

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Objective This qualitative study aimed to investigate the associations of older patients' inappropriate healthcare‐seeking behaviour at tertiary hospitals in China with their risk perceptions and attitude. Methods The study was based on nine focus group interviews (involving 41 older patients, with three to six per group) and involved the grounded theory method. The participants were recruited at tertiary hospitals. Results The results of this study showed that older patients' inappropriate first‐diagnosis‐seeking behaviour at tertiary hospitals was impacted by their risk perceptions and risk‐averse attitude. Both external factors (family/friends and the Internet) and internal factors (preferences and habits) had played important roles in related processes. Conclusion Thus, to guide older patients' healthcare‐seeking behaviour, changing the thoughts and behaviour of the older patients themselves, their spouses, adult children, other relatives, and friends are all important. More attention should be paid on guiding appropriate risk perceptions and attitude regarding lower‐level medical institutions, increasing their preferences and habit formation regarding lower‐level medical institutions, enhancing older patients' social support and improving and standardising online health information. These are important for the future development of the hierarchical medical system in China.

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“…However, valuing high your skills doesn't mean you are really skilled. It was shown that people skilled in earning non-monetary rewards (not those who think they are skilled) take more prudent decisions in case of possible additional non-monetary gains but there is no statistical difference in risk attitude between more and less skilled in case of non-monetary losses (Rólczyński, Forlicz, Kuźmiński, 2015). Having that in mind one would expect that a person skilled for example in driving and person less skilled wondering whether to buy insurance policy against car damage not taking into consideration their skills should make the same decision.…”

Section: Literature Reviewmentioning

confidence: 99%

Skills and willingness to buy insurance policies

Forlicz

2018

Studia I Prace WNEiZ

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In this article attention is paid to the infl uence of one's skills on the propensity to buy insurance policy and the aim of the work is to check whether in some situations deci sions on concluding insurance policy are connected with individuals' ability to avoid harmful event. A hypothesis is put forward that people skilled higher are less willing to buy insurance policy against material loss (which probability is somehow related to a person's skills) than people with lower skills. To verify the hypothesis an experiment was conducted. It consisted of asking students if they would like to insure themselves against obtaining negative points on the exam and later checking how many points they would get if not insured. Results show there is no signifi cant difference between decisions made by those who gained more and less points.

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Risk attitude in case of losses or gains – an experimental study

Cited by 5 publications

References 30 publications

Level of Knowledge and Answers Given in a Survey Research. Example of Insurance Preferences Survey

Level of Knowledge and Answers Given in a Survey Research. Example of Insurance Preferences Survey

Risk perceptions and risk‐averse attitude influenced older patients' first‐diagnosis‐seeking behaviour at tertiary hospitals

Skills and willingness to buy insurance policies

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