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Pdospert

A New Scale to Predict Domain‐Specific Risk‐Taking Behaviors in Times of a Pandemic

Bibliographic Data

ID12166243
AuthorsBenno Guenther (0000-0002-4659-5033, Department of Psychological and Behavioural Science London School of Economics and Political Science London UK, corresponding author), Matteo M Galizzi (0000-0002-7757-5625, Department of Psychological and Behavioural Science and LSE Behavioural Lab London School of Economics and Political Science London UK), Jet G Sanders (0000-0002-9951-2799, Department of Psychological and Behavioural Science London School of Economics and Political Science London UK)
Year2024
Volume37
Issue4
Publication date2024-10-01
Open AccessYes
TypeARTICLE
VenueJournal of Behavioral Decision Making (JOURNAL)
Journal identifiersISSN: 0894-3257 • E-ISSN: 1099-0771
PublisherWiley (PUBLISHER • GB)
DOI10.1002/bdm.2413
OpenAlexW4403075635
LanguageEN
References cited61

Understanding risk tolerance is crucial for predicting and changing behavior across various domains, including health and safety, finance, and ethics. This remains true during a crisis, such as the COVID‐19 pandemic, and leads to a key question: Do current risk measures reliably predict risk‐taking in the drastically different context of a pandemic? The Domain Specific Risk‐Taking (DOSPERT) scale, one of the most widely used risk‐taking measures, assesses self‐reported risk‐taking in response to 30 risky situations across five domains. With the hypothetical risks of the DOSPERT being based on prepandemic circumstances, we estimate that three out of four of its risk‐taking situations were not possible due to preventive measures or did not reflect risk‐taking in times of COVID‐19. In addition, COVID‐19 brought forth new behaviors deemed risky. With an aim to better predict risk‐taking in times of a pandemic, we introduce the Pandemic DOSPERT (PDOSPERT). We summarize three preregistered online studies with 1254 UK participants to validate the scale against the original DOSPERT and three other common risk‐taking measures. We also test its ability to predict pandemic risk‐related behaviors at three points in time over 2 years. Overall, we find that the PDOSPERT scale significantly improves predictions for pandemic‐related risk behavior as compared to the original DOSPERT. In particular, the health/safety subscale is significantly and strongly associated with pandemic‐related risk behavior. We not only validate a pandemic‐specific risk task but also introduce a template for developing context‐ and domain‐sensitive measures for risk‐taking in the future

Cartography · Coronavirus disease 2019 (COVID-19 · Domain (mathematical analysis · Econometrics · Economics · Geography · Pandemic · Scale (ratio · Behavioral Health and Interventions · Decision-Making and Behavioral Economics · Mathematics · Medicine · Psychology · Risk Perception and Management

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