The Risky Side of Creativity: Domain Specific Risk Taking in Creative Individuals

Tyagi, Vaibhav Pratap; Hanoch, Yaniv; Hall, Stephen D.; Runco, Mark A.; Denham, Susan L.

doi:10.3389/fpsyg.2017.00145

Cited by 71 publications

(60 citation statements)

References 39 publications

(41 reference statements)

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“…It requires searching for the unknown and deviating from norms (Adams, ). Creativity is also closely related with high risk‐taking propensity in the social domain (Tyagi, Hanoch, Hall, Runco, & Denham, ). Risk‐taking norms are crucial factors that support creative performance (e.g., Isaksen, Lauer, & Ekvall, ; Shin & Eom, ; West & Sacramento, ).…”

Section: Introductionmentioning

confidence: 99%

“…People who are employed in the arts include ‘art and design workers, painters, musicians, composers, sculptors, photographers, etc.’ ( https://www.ers.usda.gov/data-products/creative-class-county-codes/ and https://www.ers.usda.gov/data-products/creative-class-county-codes/documentation.aspx). Artists or people from art occupations are considered as creative people and risk‐takers as the other occupations (e.g., Fillis, ; Marade et al, ; Poorsoltan, ; Tyagi et al, ).…”

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confidence: 99%

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Creative culture, risk‐taking, and corporate financial decisions

Ucar¹

2018

Eur Financial Management

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I examine how creative culture affects corporate financial decisions. Firms have corporate risk-taking behavior and policies consistent with variations in local risk-taking propensity induced by creative culture. Firms located in areas with a strong creative culture have higher levels of risk exposure, investment, and growth. These firms also accumulate more cash consistent with the precautionary motive. My findings remain robust after controlling for endogeneity and a series of robustness checks. The empirical findings are consistent with the risk-taking tendency associated with creativity and creative culture. This paper introduces the role of creative culture and risktaking in corporate financial decisions. K E Y W O R D Scash holdings, corporate risk-taking, creative culture, local factors

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Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

Creative culture, risk‐taking, and corporate financial decisions

Ucar¹

2018

Eur Financial Management

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Section: ) Willingness For Risk-takingmentioning

confidence: 99%

“…Tyagi et al (2017) conducted two studies to explore the relationship between creativity and risk-taking. The results suggested risk-taking was the "strongest predictor of creative personality and ideations scores" (Tyagi, Hanoch, Hall, Runco, & Denham, 2017). The strong relationship between risktaking and creativity holds true across multiple other research efforts (Eisenman, 1987;Pankove & Kogan, 1968;Sternberg, 2012;Steele, McIntosh, & Higgs, 2016).…”

Section: ) Willingness For Risk-takingmentioning

confidence: 99%

An Investigation of the State of Creativity and Critical Thinking in Engineering Undergraduates

Sola¹,

Hoekstra²,

Fiore³

et al. 2017

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The goal of an undergraduate engineering education is to provide students with the necessary knowledge and skills needed to solve real world problems. Creativity and critical thinking are two abilities essential for success in the workplace, and are highly sought after by employers. However, there is evidence of decreasing creativity and critical thinking in senior engineering students. This study sought to understand if freshman engineering students are measurably more creative, but less capable of critical thinking, than senior undergraduate engineering students. Creativity and critical thinking were measured using the Test for Creative Thinking-Drawing Production (TCT-DP) and the Watson-Glaser Critical Thinking Appraisal (WGCTA), respectively. The data suggest that freshman engineering students were significantly more creative than senior engineering students. However, senior engineering students were found to be no better at critical thinking than their freshman counterparts. When compared to normative data, the senior engineering students underperformed significantly compared to the general population of senior college students. With study limitations in mind, these findings may suggest that senior engineering students are not only less creative, but also less capable of critical thinking, than when they started their engineering program. If this is indeed the appropriate conclusion, then there is a need to understand the underlying issues driving the decline of creativity and critical thinking in engineering undergraduate students.

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“…4 Part of what distinguishes creativity from Cognitive Innovation is that the notion and valuation of crea tivity (and what constitutes a creative product, process, or person) is contingent on its environment in all its social, cultural, technological, and political dimensions. For instance, it has been suggested that social risk-taking is associated with creativity (Tyagi, Hanoch, Hall, Runco, & Denham, 2017); that is to say, what or who is creative is not necessarily considered socially acceptable. A second distinction of Cognitive Innovation from creativity-potentially also a consequence of the involvement of multiple agents-is the application or at least applicability of the resulting products.…”

Section: Emphasizing the Temporality Of Cognitive Innovation And Creamentioning

confidence: 99%

Navigating Cognitive Innovation

Kristensen

Loesche

Maranan

2017

AVANT

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This paper revisits the concept of Cognitive Innovation with the aim of helping newcomers appreciate its (intended) demarcating purpose and relevance to the wider literature on cognition and creativity in the humanities, arts, and sciences. Particular emphasis is paid to discussion of the pitfalls of sense-making and the concept's affordance. The main argument presented is that proponents of the concept face the dilemma of seeking to demonstrate its transdisciplinary nature and applicability vis-a-vis retaining its semantic distinctness. Proceeding from a classification of Cognitive Innovation as a dispositional construct, we discuss how it feeds into existing research approaches and opens up new sensibilities in related areas. The perspectives of temporality, interdisciplinary balancing, technology, and metatheories are proposed as promising areas for future elaboration of the function of Cognitive Innovation.

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The Risky Side of Creativity: Domain Specific Risk Taking in Creative Individuals

Cited by 71 publications

References 39 publications

Creative culture, risk‐taking, and corporate financial decisions

Creative culture, risk‐taking, and corporate financial decisions

An Investigation of the State of Creativity and Critical Thinking in Engineering Undergraduates

Navigating Cognitive Innovation

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