Is risk a value?

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Abstract
PROVIDES EVIDENCE SUPPORTING AN INTERPRETATION OF THE GROUP-INDUCED RISKY-SHIFT PHENOMENON IN WHICH RISK REPRESENTS MORE OF A CULTURAL VALUE THAN DOES CONSERVATISM, SO THAT PEOPLE BELIEVE THEMSELVES TO BE GREATER RISK TAKERS THAN THEIR PEERS. THE DISCUSSION PROCESS PROVIDES INFORMATION ABOUT THE RISK-TAKING VIEWS OF OTHERS, INDUCING UPWARD REVISIONS IN ESTIMATES OF HOW HIGH A RISK LEVEL IS ACCEPTABLE TO EXPRESS ONE'S VALUE FOR RISK. IT REMAINED TO BE ESTABLISHED THAT PERSONS MAKE A STRONG AND PERVASIVE ERROR TOWARD BELIEVING THEMSELVES TO BE GREATER RISK TAKERS THAN THEIR PEERS. THE EXISTENCE OF A SYSTEMATIC ERROR OF THIS KIND IS DEMONSTRATED TO HOLD WITH A VERY HIGH DEGREE OF STATISTICAL SIGNIFICANCE FOR THE 292 MALES AND 195 FEMALES IN THIS STUDY. (19 REF.) (PsycINFO Database Record (c) 2017 APA, all rights reserved)

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