Life-course trajectories of risk-taking propensity: A coordinated analysis of longitudinal studies

Liu, Yunrui; Bagaïni, Alexandra; Son, Gayoung; Kapoor, Madlaina; Mata, Rui

doi:10.31234/osf.io/9jyxv

Cited by 2 publications

(3 citation statements)

References 41 publications

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“…Risk propensity is not a stable personality trait (Sitkin and Pablo, 1992). A recent meta-analysis involving a large set of longitudinal panels shows strong evidence for an age-related reduction in risk propensity (Liu et al , 2022). This confirms previous findings about a decreasing willingness to take risks in adulthood.…”

Section: Conceptual Modelmentioning

confidence: 99%

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Mitigating the unwillingness to exchange knowledge: a focus on exporters’ networks

Obadia

2024

JKM

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Purpose This paper aims to explain the unwillingness to exchange export knowledge by members of exporters’ networks and provides potential solutions to this problem. Design/methodology/approach This study uses data from a survey of 301 members of a French exporter’s network to test a set of hypotheses with partial least squares structural equation modeling. Findings Network participants’ export experience and age have a negative influence on their willingness to exchange knowledge. However, positive attitudes toward the network (perception of network quality, commitment) can mitigate those negative links. Practical implications Network members’ unwillingness to exchange knowledge represents a major challenge that threatens the existence of knowledge networks. The findings suggest solutions to this issue for network managers. Originality/value This study views knowledge exchange in a network as a risky behavior. It explains why members do not participate in networks. The model shows how contrary forces work and interact to deter or foster knowledge exchange.

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Section: Conceptual Modelmentioning

confidence: 99%

“…Second, age is a good indicator of network participants’ risk propensity, as managers tend to become more risk-averse with age (Liu et al , 2022). Age is only loosely correlated with export experience (see Table 3), as managers often start export activities later in their career [1].…”

Section: Introductionmentioning

confidence: 99%

Mitigating the unwillingness to exchange knowledge: a focus on exporters’ networks

Obadia

2024

JKM

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“…The convergent validity of different measures within each preference is relatively low (Duckworth & Kern, 2011;Frey et al, 2017;Levitt & List, 2007), which suggests further research should focus on the comparability of effect size trajectories across differences measurement types. For example, recent work suggest that self-reports are more likely to capture systematic age differences in risk preference (Frey et al, 2021) and a recent quantitative synthesis suggest robust age effects when considering self-report measures (Liu et al, 2022).…”

Section: Limitations and Future Directionsmentioning

confidence: 99%

Age Differences in Economic Preferences: Cumulative meta-analyses of risk, time, social, and effort preferences

Bagaïni¹,

Liu²,

Bajrami³

et al. 2022

Preprint

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Objectives: Several theories predict changes in individuals’ economic preferences across the life span. To test these theories and provide an historical overview of this literature, we update previous meta-analyses on age differences in risk, time, and social preferences as assessed by behavioral measures and investigate historical trends.Methods: We conducted separate meta-analyses and cumulative meta-analyses on the association between age and risk, time, and social preferences. We also conducted analyses of historical trends in sample sizes for each economic preference.Results: The meta-analyses identified overall no significant effect of age for risk (r = -0.02, 95%CI[-0.07, 0.03], studies = 53, n = 24164, k = 170) and time (r = -0.05, 95%CI[-0.10, <0.01], studies = 49, n = 107208, k = 108) preferences, but a significanteffect of age for social preference (r = 0.11, 95%CI[0.002, 0.22], studies = 14, n = 4420, k = 26), suggesting increased altruism with age. Analysis of theory-driven moderators for risk preference suggest a small negative age effect for risk in the gain but not loss domain, but no evidence for age effects differing by whether tasks involve described or experienced risk. The analysis of temporal trends suggests that the magnitude of effects and samples have not changed significantly over time.Discussion: Overall, our results contrast with many theories of aging that proposegeneral age effects for risk and time preferences, yet provide some support for those suggesting age-related changes in social preferences. We discuss implications for theory development as well as future empirical work on economic preferences.

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Life-course trajectories of risk-taking propensity: A coordinated analysis of longitudinal studies

Cited by 2 publications

References 41 publications

Mitigating the unwillingness to exchange knowledge: a focus on exporters’ networks

Mitigating the unwillingness to exchange knowledge: a focus on exporters’ networks

Age Differences in Economic Preferences: Cumulative meta-analyses of risk, time, social, and effort preferences

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