The Effect of Self-Control on the Construction of Risk Perceptions

Jia, Jayson S.; Khan, Uzma; Litt, Ab

doi:10.1287/mnsc.2014.2098

Cited by 25 publications

(22 citation statements)

References 70 publications

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“…Specifically, Freeman and Muraven (2010) observed an additive effect of these components on general risk-taking, while Jia, Khan, and Litt (2015) found similar effects of trait and situationally manipulated self-control on risk perception in different risk domains. But there are also studies indicating that trait and situationally modified self-control interact.…”

Section: Self-control and Risky Financial Decisionsmentioning

confidence: 89%

Self‐control and investment choices

Sekścińska

Rudzińska-Wojciechowska

Jaworska

2021

Behavioral Decision Making

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Three studies (N 1 = 799, N 2 = 359, and N 3 = 310) investigating the role of selfcontrol in investment decisions are reported. Study 1 focused on links between trait self-control, the propensity to invest, and the propensity to make risky investment decisions. Study 2 investigated whether reflecting on one's prior successes and failures in exercising self-control has an impact on subsequent investment decisions. Study 3 considered the joint effect of both self-control factors considered in the first two studies. The results indicated that self-control plays a significant role in explaining investment decisions. Specifically, self-control level was positively related to the propensity to invest but negatively related to the propensity to take investment risks. Paralleling these findings, participants reflecting on situations in which they resisted temptation allocated more money to investments than control group members but were less willing to make risky decisions when creating investment portfolios. Finally, an interplay was observed between trait self-control and factors modifying the situational level of this variable: Among participants recalling successes in self-control, higher levels of trait self-control were linked to investment decisions, but this was untrue for participants reflecting on failures in self-control.

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Section: Self-control and Risky Financial Decisionsmentioning

confidence: 89%

Self‐control and investment choices

Sekścińska

Rudzińska-Wojciechowska

Jaworska

2021

Behavioral Decision Making

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“…disruption risk perception and supplier switching intention – we adapted existing scaled items from earlier research. A three-item measure (Jia et al , 2015) assessed participants' disruption risk perception on a 7-point Likert scale. In addition, we used a single-item 1–7 Likert point scale adapted from Mir et al (2017) to measure individuals' intention to switch supplier (1 = “Extremely unlikely”; 7 = “”extremely likely).…”

Section: Methodsmentioning

confidence: 99%

The effect of cultural value orientations on responses to supply-side disruption

Sarafan

Squire

Brandon‐Jones

2020

IJOPM

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PurposePast research has shown that culture has significant effects on people's evaluation of and responses to risk. Despite this important role, the supply chain risk literature has been silent on this matter. The purpose of this paper is to examine the impact of cultural value orientations on managerial perception of and responses to a supply disruption risk.Design/methodology/approachThe authors conduct a scenario-based experiment to investigate the effect of cultural value orientations – i.e. individualism-collectivism and uncertainty avoidance – on individuals' perception of risk and supplier switching intention in the face of a supply disruption.FindingsThe findings highlight the negative effect of individualism-collectivism on disruption risk perception and switching intention in high uncertain circumstances. However, these relationships are non-significant in relatively less uncertain situations. Moreover, the findings show that the impact of uncertainty avoidance on risk perception and supplier switching is positive and significant in both low and high uncertain circumstances.Originality/valueExtant research has traditionally assumed that when confronted with disruption risks, managers make decisions using an economic utility model, to best serve the long-term objectives of the firm. This paper draws from advances of behavioural research to show that cultural value orientations influence such decisions through a mediating mechanism of subjective risk perception.

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“…For instance, Hardy and Maguire (2016) developed a framework for organizing risk in prospective, real-time, and retrospective ways. Jia et al (2015) explored how self-control influences the perception of risks. Based on survey data from 500 companies, Sax and Torp (2015) found that risk management could enhance risk performance.…”

Section: Theoretical Development 21 Crowdsourcing Riskmentioning

confidence: 99%

How crowdsourcing risks affect performance: an exploratory model

Liu

Xia

Zhang

et al. 2016

Management Decision

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Purpose -Although crowdsourcing has gained significant attention and is being used by numerous companies to develop new products and solve practical issues, the performance of crowdsourcing is not optimistic. The purpose of this paper is to develop a validated risk profile of crowdsourcing and investigate the relationships among different types of risks and those between risks and performance in crowdsourcing. Design/methodology/approach -Based on the quantitative data collected from 136 crowdsourcing participants in China, two dimensions (i.e. social system and technical system risks) and five sub-dimensions (i.e. crowdsourcer, relationship, crowdsourcee, complexity, and requirement) of crowdsourcing risks are developed and validated. A theoretical model that integrates crowdsourcing risks and performance is developed. The technique of partial least squares is employed to assess the measurement model and test the hypotheses. Findings -The empirical evidence determines the positive association of social system risks with technical system risks, which in turn negatively affect crowdsourcing performance. Specifically, relationship risk is positively affected by crowdsourcer and crowdsourcee risks, and these risks positively affect requirement and complexity risks. However, requirement and complexity risks negatively affect crowdsourcing performance. Originality/value -This study explores the interrelationship between various risks and the relationship between risk and performance in the context of crowdsourcing by integrating risk-based view with socio-technical theory. Systematic but different risk mitigation strategies should be designed in crowdsourcing to manage risks and enhance performance.

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The Effect of Self-Control on the Construction of Risk Perceptions

Cited by 25 publications

References 70 publications

Self‐control and investment choices

Self‐control and investment choices

The effect of cultural value orientations on responses to supply-side disruption

How crowdsourcing risks affect performance: an exploratory model

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