A recent study has looked into the manner in which men and women take risks in life.
The new findings depict that the reality of who takes risks and when goes beyond stereotypes. It reveals how adolescents can be as cool-headed as adults, and in some realms, women take more risks than men.
The study, conducted by Bernd Figner, research scientist at the Centre for Decision Sciences at Columbia Business School, and Postdoctoral Research Scientist at the University of Amsterdam; and Professor Elke Weber, Co-Director, Centre for Decision Sciences and the Jerome A. Chazen Professor of International Business, Management at Columbia Business School, found that men are willing to take more risks in finances.
On the other hand, women take more social risks - examples include starting a new career in their mid-thirties or addressing an unpopular issue in a meeting at work.
The researchers believe that these differences derive from the different ways men and women perceive risks.
"That difference in perception may be partly because of how familiar men and women are with certain situations. If you have more experience with a risky situation, you may perceive it to be not as risky," said Professor Weber.
Adolescents are known for risky behaviours. However, when they think calmly about a situation in an experiment, adolescents can be just as cautious and careful as adults and children.
"Emotion impacts decisions about risk-taking in all age groups, not just adolescents," Figner added.
The study will appear in Current Directions in Psychological Science, a journal of the Association for Psychological Science.