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Author: Ortwin Renn Publisher: Springer Science & Business Media ISBN: 1475748914 Category : Technology & Engineering Languages : en Pages : 256
Book Description
Cross-Cultural Risk Perception demonstrates the richness and wealth of theoretical insights and practical information that risk perception studies can offer to policy makers, risk experts, and interested parties. The book begins with an extended introduction summarizing the state of the art in risk perception research and core issues of cross-cultural comparisons. The main body of the book consists of four cross-cultural studies on public attitudes towards risk in different countries, including the United States, Australia, New Zealand, France, Germany, Sweden, Bulgaria, Romania, Japan, and China. The last chapter critically discusses the main findings from these studies and proposes a framework for understanding and investigating cross-cultural risk perception. Finally, implications for communication, regulation and management are outlined. The two editors, sociologist Ortwin Renn (Center of Technology Assessment, Germany) and psychologist Bernd Rohrmann (University of Melbourne, Australia), have been engaged in risk research for the last three decades. They both have written extensively on this subject and provided new empirical and theoretical insights into the growing body of international risk perception research.
Author: Ortwin Renn Publisher: Springer Science & Business Media ISBN: 1475748914 Category : Technology & Engineering Languages : en Pages : 256
Book Description
Cross-Cultural Risk Perception demonstrates the richness and wealth of theoretical insights and practical information that risk perception studies can offer to policy makers, risk experts, and interested parties. The book begins with an extended introduction summarizing the state of the art in risk perception research and core issues of cross-cultural comparisons. The main body of the book consists of four cross-cultural studies on public attitudes towards risk in different countries, including the United States, Australia, New Zealand, France, Germany, Sweden, Bulgaria, Romania, Japan, and China. The last chapter critically discusses the main findings from these studies and proposes a framework for understanding and investigating cross-cultural risk perception. Finally, implications for communication, regulation and management are outlined. The two editors, sociologist Ortwin Renn (Center of Technology Assessment, Germany) and psychologist Bernd Rohrmann (University of Melbourne, Australia), have been engaged in risk research for the last three decades. They both have written extensively on this subject and provided new empirical and theoretical insights into the growing body of international risk perception research.
Author: Christopher K. Hsee Publisher: ISBN: Category : Languages : en Pages : 14
Book Description
In this study, respondents from the P.R.C., U.S.A., Germany, and Poland were found to differ in risk preference, as measured by buying prices for risky financial options. Chinese repondents were significantly less risk-averse in their pricing than Americans when risk preference was assessed in the traditional expected-utility framework. However these apparent differences in risk preference were associated primarily with cultural differences in the perception of the risk of financial options rather than with cultural differences in attitude towards perceived risk. In all cultures, and equal proportion(the majority) of respondents was willing to pay more for options perceived as less risky, i.e., were perceived-risk averse. These results are most natually explained within a risk-return conceptualization of risky choice. They have practical implications for cross-cultural negotiation and commerce by suggesting the locus of cultural differences in risky choice that may allow for the creation of joint gains.
Author: Robert N. Bontempo Publisher: ISBN: Category : Languages : en Pages :
Book Description
The present study was designed to assess cross-cultural differences in the perception of financial risks. Students at large universities in Hong Kong, Taiwan, the Netherlands, and the U.S., as well as a group of Taiwanese security analysts rated the riskiness of a set of monetary lotteries. Risk judgments differed with the nationality of the respondents, but not as a function of their occupation (students vs. security analysts). The risk judgments of each individual were modeled by the Conjoint Expected Risk (CER) model (1), which uses a weighted sum of component aspects of a risky prospect to predict its perceived overall riskiness. The CER model provided an excellent fit of the risk judgments of respondents from the four different countries, capturing both cross-cultural similarities in risk judgments (i.e., the functional form by which probability and outcome information was combined) as well as differences (i.e., differences in the weights given to different probability and outcome components). Cross -cultural differences in perceived risk were captured by differences in three of the six parameters of the CER model. Consistent with cultural differences in country uncertainty avoidance (2), CER model parameters of respondents from the two Western countries differed from those of respondents from the two countries with Chinese cultural roots: The risk judgments of respondents from Hong Kong and Taiwan were more sensitive to the magnitude of potential losses and less mitigated by the probability of positive outcomes.
Author: Elke U. Weber Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
In this article, we describe a multistudy project designed to explain observed cross-national differences in risk taking between respondents from the People's Republic of China and the United States. Using this example, we develop the following recommendations forcross-cultural investigations. First, like all psychological research, cross-cultural studies should be model based. Investigators should commit themselves to a model of the behavior under study that explicitly specifies possible causal constructs or variables hypothesized to influence the behavior, as well as the relationship between those variables, and allows for individual, group, or cultural differences in the value of these variables or in the relationship between them. This moves the focus from asimple demonstration of cross-national differences toward a prediction ofthe behavior, including its cross-national variation. Ideally, the causal construct hypothesized and shown to differ between cultures should be demonstrated to serve as a moderator or a mediator between culture and observed behavioral differences. Second, investigators should look for converging evidence for hypothesized cultural effects on behavior by looking at multiple dependent variables and using multiple methodological approaches. Thus, the data collection that will allow for the establishment ofconclusive causal connections between acultural variable and some target behavior can be compared with the creation of amosaic.
Author: Rocio Garcia-Retamero Publisher: Springer Science & Business Media ISBN: 146144358X Category : Medical Languages : en Pages : 275
Book Description
Recent research in health decision making has shown that many patients, even those with a college education, have difficulties grasping a host of numerical concepts, including percentages and probabilities. Yet, basic numeracy and graph literacy are essential for understanding information relevant to making decisions about health, such as the incidence and prevalence of different diseases, risk reductions from medical screenings and treatments, and risk increases from side effects of treatments and unhealthy behaviors. Patients who have problems understanding such numerical concepts are often prone to errors in risk perception and medical choices. Importantly, informed medical decision making, heavily reinforced these days by the legal requirement for informed consent, depends critically on communication of quantitative medical information. Meeting the challenge of effectively communicating medical information to patients with different levels of numeracy and graph literacy has become more important than ever. Transparent Communication of Health Risks describes a series of cross-cultural studies investigating how people in countries with different medical and educational systems understand numerical and graphical information, what they know about existing medical treatments and screenings, which presentation formats help them better understand the relevant information, and how they use the data to make medical decisions. Focusing on the careful measurement of necessary knowledge and skills, the book also includes validated numeracy and graph literacy scales in English, Spanish, and German. Some of the topics covered in the book are: numeracy and graph literacy for health; measuring risk comprehension in educated samples; communicating information about medical treatment and screening; reducing the effect of framed messages about health; the effect of individual differences on shared decision making; and transparent health information in the media. Transparent Communication of Health Risks emphasizes the importance and value of working toward the development of tailored risk communication interventions and clarifies the tasks ahead for health psychologists, public health professionals, pharmaceutical and medical education companies, medical physicists, and nurses.
Author: Elke U. Weber Publisher: CFA Institute Research Foundation ISBN: 1944960406 Category : Business & Economics Languages : en Pages : 33
Book Description
An investor’s risk attitude is a stable characteristic, like a personality trait, but risk-taking behavior can change based on the investor’s age, recent market events, and life experiences. These factors change investors’ perceptions of the risks. Differences in risk tolerance between men and women or in different circumstances trace back to emotional as much as rational considerations. Financial advisers should consider all of these factors when advising clients and can use four simple steps to incorporate best practices: be aware, educate, nudge, and hand hold.
Author: Ignac Lovrek Publisher: Springer Science & Business Media ISBN: 3540855645 Category : Business & Economics Languages : en Pages : 1079
Book Description
Annotation The three volume set LNAI 5177, LNAI 5178, and LNAI 5179, constitutes the refereed proceedings of the 12th International Conference on Knowledge-Based Intelligent Information and Engineering Systems, KES 2008, held in Zagreb, Croatia, in September 2008. The 316 revised papers presented were carefully reviewed and selected. The papers present a wealth of original research results from the field of intelligent information processing in the broadest sense; topics covered in the first volume are artificial neural networks and connectionists systems; fuzzy and neuro-fuzzy systems; evolutionary computation; machine learning and classical AI; agent systems; knowledge based and expert systems; intelligent vision and image processing; knowledge management, ontologies, and data mining; Web intelligence, text and multimedia mining and retrieval; and intelligent robotics and control.
Author: Hongxia Duan Publisher: ISBN: Category : Environmental risk assessment Languages : en Pages : 233
Book Description
Abstract: This cross-cultural study between China and the U.S. examined how people's perceptions of environmental risk, preferences in risk management, and perspectives of participatory decision processes and quality vary within the different social, cultural, and political systems. A structural equation model (SEM) with social trust, social value, and risk experience was constructed to explore social processes of environmental risk perceptions and preferences in risk management. A 2'2 experiment with four decision scenarios was designed to examine people's perspectives of successful participatory decision processes and quality. College students from The Ohio State University (n=240) in the U.S. and Beijing Normal University (n=280) in China were participants in the research. The results indicated that both the Americans and Chinese considered that good decision quality depends on effective public input in the decision, good participation process and outcome, and outcome was thought to be the most important factor to affect their evaluation of the decision quality. The Chinese were more concerned about environmental risks, and they perceived the environmental issues to be more risky to health, to the environment, and to economic development in China than Americans. Both groups were less likely to support the policies that require them to participate financially, such as paying increased taxes on gasoline. The respondents from the two cultures desired transparent communication processes and were more likely to support educational strategies to help people change behavior to reduce environment. However, there were significant differences between the Chinese and Americans about support for or opposition to a specific risk management strategy. For the structural equation model, the American data showed that social trust, social value, and risk experience had significant impacts on perception of environmental risks, and risk experience, social value, and risk perception significantly impacted preferences in risk management for the American data. The Chinese data indicated that social value and risk experience had significant impacts on risk perception and social trust predicted preference in risk management significantly. The differences between the two nations about perception of environmental risks, preference in risk management, and decision quality were discussed in political systems, cultural origins, and social reality and situations.
Author: Paul Slovic Publisher: Routledge ISBN: 1136530460 Category : Business & Economics Languages : en Pages : 458
Book Description
The Feeling of Risk brings together the work of Paul Slovic, one of the world's leading analysts of risk, to describe the extension of risk perception research into the first decade of this new century. In this collection of important works, Paul Slovic explores the conception of 'risk as feelings' and examines the interaction of feeling and cognition in the perception of risk. He also examines the elements of knowledge, cognitive skill, and communication necessary for good decisions in the face of risk. The first section of the book looks at the difficulty of understanding risk without an emotional component, for example that disaster statistics lack emotion and thus fail to convey the true meaning of disasters and fail to motivate proper action to prevent them. The book also highlights other important perspectives on risk arising from cultural worldviews and concerns about specific hazards pertaining to blood transfusion, biotechnology, prescription drugs, smoking, terrorism, and nanotechnology. Following on from The Perception of Risk (2000), this book presents some of the most significant research on risk perception in recent years, providing essential lessons for all those involved in risk perception and communication.
Author: Ortwin Renn
Author: Ortwin Renn
Author: Elke U. Weber
Author: Christopher K. Hsee
Author: Robert N. Bontempo
Author: Elke U. Weber
Author: Rocio Garcia-Retamero
Author: Elke U. Weber
Author: Ignac Lovrek
Author: Hongxia Duan
Author: Paul Slovic