Relationship between age and risk taking among managers

Abstract

Administered a short version of N. Kogan and M. Wallach's (see pa, vol. 39:6826) choice-dilemma test to 1,484 managers from over 200 companies. Results show a significant negative relationship between age and both risk taking and the value placed upon risk. The relationships were small in size when individual scores were correlated with age, but increased markedly when mean scores were used. Furthermore, the relationships were relatively stable across items and across companies. Developmental and sociocultural mechanisms that might underlie these findings are discussed. (PsycInfo Database Record (c) 2025 APA, all rights reserved)