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Risk Preference of Adults and Children
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What makes some people risk-seeking and others§risk-averse? We investigate whether the availability§of processing resources moderates the relationship§between temperament and risk preference. Furthermore,§we examine the moderating role of processing§resources between temperament and risk taking§developmentally, in younger children (aged 6),§older children (aged 9), and adults. The findings are§discussed in relation to theories of risky decision§making that posit dual cognitive-affective appraisal§processes, specifically the risk-as-feelings §hypothesis of Loewenstein and colleagues (2001). The§current findings lend support to the theoretical§claims of dual-process models of risk taking. When§cognitive resources are restricted there is an§increased reliance on automatic, emotional responses§to the risky decision task.
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