Understand the Relationship Between the Risk-Taking Abilities Among Citizens

Abstract

Our results suggest that risk-taking inclinations in the financial sphere decline dramatically with older age. In contrast, social risk-taking increases somewhat between the ages of 18 and 24, then declines considerably in later life, whereas the decline in risk-taking for recreational purposes is steeper between the ages of 18 and 24 than in later life. Taking risks with one's health and one's morals tends to decrease significantly with age. Later in life, men, but not women, lowered their financial risk-taking significantly, whereas women reduced their social risk-taking more substantially than men did. "Risk variables" are thought to predispose a person or group to some bad consequence and consequently to constitute a danger to well-being. These elements may be human qualities or environmental ones, inherent in the family, community, school or peer group environment.