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Four decades of research into the influences of time pressure on risky decisions have produced widely contrasting findings: 38.5% of the effects indicate that time pressure increases risk preferences, whereas 61.5% show the opposite. A theoretical framework with four conceptual categories of moderators is proposed to explain these heterogeneous findings: nature of the time constraint, negative outcome salience, negative outcome severity, and vulnerability to the outcomes. This framework is tested through a meta-analysis of 213 effect sizes reported in 83 papers, representing 65,574 unique respondents. The four categories of moderators effectively resolve notable conflicts. For example, regarding the nature of the time constraint, an absolute versus relative constraint increases risk preferences, but an ambiguous versus objective constraint decreases risk preferences. In terms of negative outcome salience, risk preferences decrease if the risk is learned about from a description (vs. experience) or the outcome is framed as a loss (vs. gain). Negative outcome severity also exerts an effect, as discrete choices lower risk preferences compared with attitudinal risk. In addition to managerial and public policy implications based on simulations, a comprehensive research agenda that builds on the robust insights of this meta-analysis is offered. [ABSTRACT FROM AUTHOR]

Firms have appointed a significant number of female chief marketing officers (CMOs) over the past decade. However, the question of how female CMOs differ from their male counterparts is yet to be explored. This research uses a multimethod approach to examine when and why female CMOs' marketing decisions differ from those of male CMOs. In Study 1, the authors use secondary data to examine the effect of CMO gender on multiple marketing decisions and find that female CMOs make less risky decisions. Further, the authors find evidence that female CMOs' risk-taking behavior is contingent on structural, organizational, and environmental factors (CEO gender, relative firm performance, and demand uncertainty). In Study 2, the authors employ the MarkStrat simulation, in which participants assume the role of CMO, to test the main finding from Study 1 in a controlled setting and provide evidence for the differential effect of gender on radical versus incremental new product introductions. In Study 3, the authors examine survey data to find evidence for the underlying mechanisms (overconfidence, failure avoidance orientation, and scrutiny) behind female CMOs' lesser risk-taking behavior. [ABSTRACT FROM AUTHOR]

Introduction: Decision-making requires individuals to perceive probabilities and risks associated with different options. The Iowa gambling task (IGT) is a widely used instrument that assesses decision-making under uncertainty and risk by varying monetary reinforcer/loss contingencies. The rat gambling task (rGT), based on the IGT, is a preclinical test using varying number of palatable reinforcers as wins and different duration of timeouts as punishment, mimicking losses. The rGT requires extensive operant training prior to the free choice sessions. The aim of the present study was to investigate if task acquisition and number of training days affected subsequent individual differences in decision-making strategies in the rGT, and if behavioral profiles impacted on task learning. Method: Training time and performance of 70 male Lister Hooded rats from previously published studies were herein used to investigate whether learning time affected later decision-making strategies in the free choice rGT. Behavioral profiles generated from a subset of animals were used to study the impact of underlying behavior on learning time. Results: There were differences in training days between fast, intermediate and slow learners. However, time required to acquire the rGT did not affect subsequent decision-making strategies in the free choice rGT. Finally, learning time was independent of underlying behavioral profiles. Discussion: In conclusion, neither decision-making strategies in the rGT nor behavioral profiles were correlated or differed between animals with different learning speed. This suggests that the large variation in training time between animals is unrelated to subsequent decision-making strategies during free choice rGT. Such information is valuable for researchers using the rGT. [ABSTRACT FROM AUTHOR]

In situations of poverty, do people take more or less risk? One hypothesis states that poverty makes people avoid risk, because they cannot buffer against losses, while another states that poverty makes people take risks, because they have little to lose. Each hypothesis has some previous empirical support. Here, we test the 'desperation threshold' model, which integrates both hypotheses. We assume that people attempt to stay above a critical level of resources, representing their 'basic needs'. Just above this threshold, people have much to lose and should avoid risk. Below, they have little to lose and should take risks. We conducted preregistered tests of the model using survey data from 472 adults in France and the UK. The predictor variables were subjective and objective measures of current resources. The outcome measure, risk taking, was measured using a series of hypothetical gambles. Risk taking followed a V-shape against subjective resources, first decreasing and then increasing again as resources reduced. This pattern was not observed for the objective resource measure. We also found that risk taking was more variable among people with fewer resources. Our findings synthesize the split literature on poverty and risk taking, with implications for policy and interventions. [ABSTRACT FROM AUTHOR]

Prey animals make crucial escape decisions when confronted by predators. Previous research, predominantly employing human surrogates, has consistently shown that urban-dwelling prey exhibit greater tolerance for the approach of human beings compared to their counterparts in rural or suburban habitats. However, it is essential for urban animals to retain sensitivity to genuine predators despite their habituation to non-lethal human presence. In this study, we investigated the escape behavior of three bird species (Pica pica, Streptopelia orientalis, and Spilopelia chinensis) in response to both human and genuine cat predators. We compared the flight initiation distance (FID) and distance fled (DF) when approached by one person, one person with a cat, and two persons in urban and suburban environments. Our findings reveal that urban birds exhibit heightened tolerance (habituation) to approaching predators in urban environments. However, contrary to our expectations, urban birds showed similar FID and DF when approached by one person with a caged cat compared to one or two persons, suggesting a lack of distinction between human and cat predators or reluctance to make different escape decisions. In addition, DF was significantly influenced by the distance to refuge but did not differ between urban and suburban habitats. Our study supports the general risk-taking hypothesis, indicating similar reactions to different predators, and underscores the appropriateness of using human surrogates to study escape behaviors, even in habituated urban environments. [ABSTRACT FROM AUTHOR]

We examine the relation between CEO risk taking equity incentives, as captured by CEO vega, and workplace misconduct. Workplace misconduct includes health and safety violations, non-compliance with labor laws, and other violations broadly related to labor exploitation, and it results in significant economic costs. Using regression analysis, matched sample tests, and a quasi-natural experiment, we find a positive relation between CEO vega and workplace misconduct. We identify a reduction in discretionary expenses and increased employee workload as channels through which CEO vega affects workplace misconduct. JEL Classifications: G30; G32; G34. [ABSTRACT FROM AUTHOR]

This paper examines whether the substitution decisions, under conditions of paper (or realized) losses, stimulate (or moderate) managerial risk taking. Using data on roster changes and field goal attempts (FGAs) in National Basketball Association (NBA) games, I find strong evidence of the significantly causal effects of paper and realized losses (or gains) on the decisions regarding managerial risk taking. While coaches increase their level of risk taking after experiencing the paper losses of lagging behind in the substitution strategy within a game, the effects of realized gains from leading wins, however, offer evidence of higher risk-seeking in the wake of prior wins. Furthermore, the evidence that players lagging behind increase their risk taking in the final stages of the tournament is robust in empirical settings for the shooting decisions. Finally, a coach with longer tenure engages in higher risk taking in substitutions, whereas a team with an older coach of shorter tenure engages in more risk taking in risky 3-point FGAs. [ABSTRACT FROM AUTHOR]

Corporate governance (CG) refers to the practices and processes used to control firms and mitigate managerial opportunism and excessive risk-taking, particularly in the financial sector. This study investigates whether board structure (e.g., board size, independent directors, and gender diversity) and ownership concentration (e.g., largest shareholder, foreign investors, and traded equity rate) influence financial performance and risk-taking in Turkish commercial banks. Using a fixed-effects model on panel data from 20 banks between 2006 and 2012, we find that smaller board sizes are associated with lower risk-taking and improved financial performance. Conversely, independent directors and gender diversity show no statistically significant relationship with risk-taking or performance. Foreign investors and large shareholders--increases risk-taking and reduces financial performance while stock exchange listings are associated with significantly lower risk-taking and higher financial performance. These findings highlight the importance of balanced board structures, effective ownership controls, and market discipline in fostering long-term financial stability in the Turkish banking sector. Policymakers and regulators in emerging markets should address these corporate governance challenges to promote a stable and resilient banking system. [ABSTRACT FROM AUTHOR]

Standard models of decision making under risk and uncertainty are deterministic. Inconsistencies in choices are accommodated by separate error models. The combination of decision model and error model, however, is arbitrary. Here, I derive a model of decision making under uncertainty in which choice options are mentally encoded by noisy signals, which are optimally decoded by Bayesian combination with preexisting information. The model predicts diminishing sensitivity toward both likelihoods and rewards, thus providing cognitive microfoundations for the patterns documented in the prospect theory literature. The model is, however, inherently stochastic, so that choices and noise are determined by the same underlying parameters. This results in several novel predictions, which I test on one existing data set and in two new experiments. This paper was accepted by Manel Baucells, behavioral economics and decision analysis. Funding: The author gratefully acknowledges financial support from the Research Foundation—Flanders (FWO) under the project "Causal Determinants of Preferences" [Grant G008021N] and the special research fund (BOF) at Ghent University under the project "The role of noise in the determination of risk preferences." Supplemental Material: The online appendix and data files are available at https://doi.org/10.1287/mnsc.2023.00265. [ABSTRACT FROM AUTHOR]

Background/Objectives: Energy drink (ED) use is increasing among children and adolescents, but little is known about the impacts on health, including substance use and mental health. The purpose of this study was to examine the relationship between soda and ED consumption and substance use, mental health, and risk taking in a nationally representative sample of high school students. Methods: We used data from the 2019 Youth Risk Behavior Surveillance System (YRBS) from New Jersey, Montana, and Florida to assess these relationships using binary and multinomial regression analyses to determine odds ratios, comparing non-consumers with daily consumers. The sample was 10,548 adolescents (51.6% female) between the ages of 13–19 years. Results: Daily soda and ED consumption were associated with greater odds of substance use (OR(95% CI): 5.8 (3.7, 6.9)/10.2 (6.4, 16.3)), poorer mental health (OR(95% CI): 2.6 (1.3, 4.8)/1.8 (1.2, 2.8), and higher odds of eating fast food (OR(95% CI): 17.2 (8.9, 33)/10.6 (5.6, 19.9). These effects were moderated by sex. Conclusions: These findings suggest that soda and ED use are associated with greater risk taking among adolescents and that these relationships are moderated by sex. Future studies should determine the directionality of these relationships and examine the impact of reduced soda and ED consumption on health behaviors in children and adolescents. [ABSTRACT FROM AUTHOR]

The present study was conducted in determining the effectiveness of sensorimotor rehabilitation with transcranial direct current stimulation (tDCS) on response inhibition and risk taking in gifted adolescents with oppositional defiant disorder. The research method was semi-experimental with a pre-test-post-test design with a control group. The statistical population of this research was 12-18-year-old gifted boys with oppositional defiant disorder in Tehran in 2024, 30 of whom were selected as a sample size from the population by purposive sampling. For the experimental group, sensorimotor rehabilitation with tDCS, where anodic stimulation was placed on the left dorsolateral prefrontal cortex and cathodal stimulation was placed on the right dorsolateral prefrontal cortex. Adolescent behavioral problems scale, Moon and Sun Stroop test, and Barrett's balloon riskiness were used. The data were analyzed using univariate analysis of covariance test. The findings showed that there was a significant difference between the post-test of the two groups in response inhibition and risk-taking by controlling the effect of the pre-test. According to the results of this study, it can be claimed that this intervention leads improve response inhibition and risk-taking in gifted teenagers with oppositional defiant disorder.

The present study aimed to investigate the impact of social comparison on risk‐taking behaviors and the neural underpinnings within a competitive context. Participants who thought they were playing against a stranger in a gambling task were actually playing against a programmed computer. Eighty‐eight college students were assigned to one of three comparison conditions (downward, upward, and parallel) by varying the probability of gain. Behavioral results showed that disadvantage led to increased risk‐taking. Event‐related potential data analyses showed, in the parallel comparison condition, a significantly larger Feedback‐Related Negativity (FRN) was induced by the self's safe decision than the risky decision and by loss rather than gain. However, in the upward and downward comparison conditions, larger FRN emerged solely in response to the loss of risky rather than safe decisions. On the P3 component, participants in the upward comparison condition showed no significant difference in response to their gain or loss, while the other two conditions did. The highest P3 amplitude, delta/theta power, and aperiodic activity were found in the closely matched condition. Finally, in the downward comparison condition, a stronger delta/theta power was correlated with a less risky decision. Overall, the findings indicate that parity heightens emotional arousal and engages more cognitive resources. [ABSTRACT FROM AUTHOR]

After a risky choice, decision makers must frequently wait out a delay period before the outcome of their choice becomes known. In contemporary sports-betting apps, decision makers can "cash out" of their bet during this delay period by accepting a discounted immediate payout. An important open question is how availability of a postchoice cash-out option alters choice. We investigated this question using a novel gambling task that incorporated a cash-out option during the delay between bet and outcome. Across two experiments (N = 240 adults, recruited via Prolific), cash-out availability increased participants' bet amounts by up to 35%. Participants who were more likely to cash out when odds deteriorated were less likely to cash out when odds improved. Furthermore, the effect of cash-out availability on bet amounts was positively correlated with individual differences in cash-out propensity for bets with deteriorating odds only. These results suggest that cash-out availability may promote larger bets by allowing bettors to avoid losing their entire stake. [ABSTRACT FROM AUTHOR]

This paper investigates the accounting for defined benefit pension plans in U.S. family firms. Relying on agency theory and the literature on defined benefit pension plans, we test whether the allocation of pension plan assets, the expected rate of return on pension plan assets and the contributions to defined benefit pension plans in family firms are significantly different from those in non‐family firms. Relying on a sample of U.S. firms over the period 2004–2018, we first document that family firms take more risk when allocating their pension plan assets relative to non‐family firms where they allocate a larger (smaller) percentage of pension plan assets in equity (debt) securities. We also show that family firms are more aggressive in setting the expected rate of return on pension plan assets than non‐family firms. However, family firms' contributions to defined benefit pension plans are comparable to those of non‐family firms. Our findings hold after controlling for the endogeneity in family firms. These findings are important since they provide first hand empirical evidence on the accounting for defined benefit pension plans in family firms. They further shed light over pension plans that serve as a key tool to attract and retain executive talents and make up a significant portion of firms balance' sheets. [ABSTRACT FROM AUTHOR]

The importance of video remote interpreting (VRI) for providing interpreting services has drastically increased over the last decade. Empirical research has shown, however, that interpreting through video link may have a significant impact on the interaction and the interpreting performance in dialogue interpreting contexts. The present study contributes to this growing field of research by focusing on interpreters' repair initiations in the context of VRI. Although repairs are an important mechanism for addressing problems in communication, very little research has been devoted to the study of interpreter-initiated repair in dialogue settings. Based on a corpus of video-recorded interpreted interactions (Dutch-Russian), where the interpreter is either present onsite or connected through video link, we analyse interpreters' repair initiations and related risk taking behaviour. More specifically, we examine how interpreters manage a specific type of repair initiations in video remote interpreting, namely postponed repairs. The analysis reveals differences in repair patterns between video remote and onsite interpreting and we propose that these differences result from differential risk management in the two settings. [ABSTRACT FROM AUTHOR]

This research investigates the nuanced influence of internally experienced moods, specifically focusing on positive and negative moods, on individuals' propensity for risk-taking behavior. The objective is to discern the intricate impact of mood on risk-taking, a subject that has elicited varying results in diverse studies. A systematic search for experimental-research studies, spanning from the present to 1983, was conducted using PubMed and Semantic Scholar databases. After a meticulous examination of the complete texts, a final set of 13 studies was chosen for analysis. The results revealed divergent findings: some studies indicated that positive mood increased risk-taking behavior, while others suggested a similar effect for negative mood. These opposing outcomes are explained by two hypotheses: the Mood-Maintenance Hypothesis and the Affect Infusion Model. This study aims to comprehensively explore and compare the substantiation of these two theories across a range of experimental studies, contributing to a deeper understanding of the complex interplay between mood and risk-taking behavior. [ABSTRACT FROM AUTHOR]

We examine the impact of board‐level control on corporate innovation in family firms. We find that excess control of family board seats (ECFBS) is negatively correlated with innovation investment, innovation output and innovation efficiency. Our findings suggest that ECFBS exacerbates type II agency problems. Mechanistic analyses show that ECFBS reduces firms' risk‐taking level, increases their financing constraints and damages channels for acquiring innovative professional knowledge. We also observe that effect of ECFBS on innovation is associated with family origin, familiarization time and family management characteristics. Our findings should be of interest to family firm manager investors and lenders who are interested in family governance mechanisms. [ABSTRACT FROM AUTHOR]

Cosmetic surgery is ever more affordable and accessible, but carries physical and psychological risks. Yet, no study to date has directly examined risk-taking behaviour under controlled conditions, beyond self-report and in relation to cosmetic surgery attitudes. We used the Balloon Analogue Risk Task and advanced computational modelling to measure decision-making behaviour and identify the latent parameters driving behaviour associated with cosmetic surgery attitudes in women with no cosmetic surgery history (N = 265) and a subsample of women with a cosmetic surgery history (N = 24). Risk taking was higher in women with greater acceptance and history of cosmetic surgery. Computational modelling revealed increased risk taking in women with greater acceptance of cosmetic surgery when decisions were made with greater knowledge of loss (risk) and not when the likelihood of loss was unknown (uncertainty). When women with greater acceptance of cosmetic surgery made decisions, they also placed less emphasis on possible losses (reduced loss aversion). Our findings suggest that women seeking cosmetic procedures may be less sensitive to losses and thus make more risky decisions. Greater emphasis should be placed on communicating potential losses rather than just the associated risks to women considering cosmetic procedures. No Level Assigned This journal requires that authors assign a level of evidence to each submission to which Evidence-Based Medicine rankings are applicable. This excludes Review Articles, Book Reviews, and manuscripts that concern Basic Science, Animal Studies, Cadaver Studies, and Experimental Studies. For a full description of these Evidence-Based Medicine ratings, please refer to the Table of Contents or the online Instructions to Authors www.springer.com/00266. [ABSTRACT FROM AUTHOR]

Innovation is crucial for achieving and maintaining a competitive edge, especially evident in the digital business landscape, where the fourth and fifth industrial revolutions are occurring concurrently. Leadership behavior significantly influences the direction of organizations toward innovation. This study investigated whether a propensity for risk taking, along with a commitment to diversity and agility, promotes or impedes leaders' innovative behavior. Fuzzy-set qualitative comparative analysis was employed to assess the data gathered from an online survey of 119 global leaders. The results exposed four distinct routes to fostering innovative behavior and three paths leading to noninnovative behavior that should be evaded. All conditions play a vital role in triggering innovative behavior. Conversely, the lack of these conditions can result in noninnovative leadership. This study's novelty rests on the empirical evidence it provides about the paths guiding leaders toward innovative behavior and avoiding the danger of noninnovative leadership. These findings can assist managers and HR departments in pursuing certain paths for hiring and training managers to boost innovative behavior and preclude paths leading to noninnovative conduct. [ABSTRACT FROM AUTHOR]

The present study was conducted in determining the effectiveness of sensorimotor rehabilitation with transcranial direct current stimulation (tDCS) on response inhibition and risk taking in gifted adolescents with oppositional defiant disorder. The research method was semi-experimental with a pre-test-post-test design with a control group. The statistical population of this research was 12-18- year-old gifted boys with oppositional defiant disorder in Tehran in 2024, 30 of whom were selected as a sample size from the population by purposive sampling. For the experimental group, sensorimotor rehabilitation with tDCS, where anodic stimulation was placed on the left dorsolateral prefrontal cortex and cathodal stimulation was placed on the right dorsolateral prefrontal cortex. Adolescent behavioral problems scale, Moon and Sun Stroop test, and Barrett's balloon riskiness were used. The data were analyzed using univariate analysis of covariance test. The findings showed that there was a significant difference between the post-test of the two groups in response inhibition and risk-taking by controlling the effect of the pre-test. According to the results of this study, it can be claimed that this intervention leads improve response inhibition and risk-taking in gifted teenagers with oppositional defiant disorder. [ABSTRACT FROM AUTHOR]

Purpose: The board structure (BS) is pivotal in modern corporate governance (CG). This study aims to investigate BS variables (BSIZE, BIND and chief executive officer [CEO] duality) and their correlation with risk-taking behavior indicators, enriching the understanding of how CG shapes financial institutions' (FIs) decision-making in Pakistan. Design/methodology/approach: By scrutinizing data from 67 financial entities listed on the Stock Exchange of Pakistan spanning from 2011 to 2022 through panel data regression techniques, the research emphasizes that BS holds a substantial influence over the risk tendencies exhibited by these firms. Findings: Key findings suggest that board size has a positive influence, aligned with previous CG research. Smaller boards perform better and avoid excessive risk-taking, contrasting some negative relationship claims. More independent directors are recommended to curtail risk and financial disruption. Holding both CEO and chair roles reduces risk exposure, resonating with reputational and employment risk theory. It is essential to recognize that BS's impact on risk-taking is nuanced and context-dependent. Practical implications: Policymakers, scholars, practitioners and investors working in the market for financial companies might greatly benefit from the empirical findings of this study. Imposing mandates on FIs to uphold adequate capital reserves functions as a safeguard against unforeseen losses, thereby diminishing the probability of unwarranted risk-taking. Originality/value: Prior studies in this domain predominantly focus on nonfinancial sectors. In addition, existing research often explores the relationship between BS and firm risk-taking solely within the banking sector, overlooking other FIs. This study contributes by using a comprehensive data set encompassing all types of FIs, thus extending the existing literature. [ABSTRACT FROM AUTHOR]

ABSTRACT Aquatic ecosystems are reservoirs of biodiversity and are highly threatened. Among the main threats to biodiversity are invasive species and global warming, the later has allowed the establishment of invasive species from originally warmer climates outside their native range by reducing the barriers to their establishment and distribution. Behaviour is the immediate response that species modify to counteract changes in their environment. Latency to respond to certain stimuli is an indicator of different behavioural tendencies associated with boldness, for example, quickly leaving a shelter could lead to benefits like finding a mate or locating food faster. We investigated the latency to exit a refuge and to locate food of the native twoline skiffia (Skiffia bilineata) from central Mexico at three temperatures (18°C, 23°C and 28°C) and in the presence/absence of invasive guppies (Poecilia reticulata). Our results are the first to show native fish could benefit from associating with invaders when emerging from a refuge and locating food under higher temperatures, but they would find themselves at the extreme of their thermal tolerance. Evidence of positive outcomes from biological invasions is increasing; however, further research is needed to understand if potential benefits for natives are temporary, which may make biological invasions less detrimental during the initial stages.

Innovation is crucial for achieving and maintaining a competitive edge, especially evident in the digital business landscape, where the fourth and fifth industrial revolutions are occurring concurrently. Leadership behavior significantly influences the direction of organizations toward innovation. This study investigated whether a propensity for risk taking, along with a commitment to diversity and agility, promotes or impedes leaders’ innovative behavior. Fuzzy-set qualitative comparative analysis was employed to assess the data gathered from an online survey of 119 global leaders. The results exposed four distinct routes to fostering innovative behavior and three paths leading to noninnovative behavior that should be evaded. All conditions play a vital role in triggering innovative behavior. Conversely, the lack of these conditions can result in noninnovative leadership. This study’s novelty rests on the empirical evidence it provides about the paths guiding leaders toward innovative behavior and avoiding the danger of noninnovative leadership. These findings can assist managers and HR departments in pursuing certain paths for hiring and training managers to boost innovative behavior and preclude paths leading to noninnovative conduct.

Abstract Traditional methods for evaluating decision-making provide valuable insights yet may fall short in capturing the complexity of this cognitive capacity, often providing insufficient for the multifaceted nature of decisions. The Kalliste Decision Task (KDT) is introduced as a comprehensive, ecologically valid tool aimed at bridging this gap, offering a holistic perspective on decision-making. In our study, 81 participants completed KDT alongside established tasks and questionnaires, including the Mixed Gamble Task (MGT), Iowa Gambling Task (IGT), and Stimulating & Instrumental Risk Questionnaire (S&IRQ). They also completed the User Satisfaction Evaluation Questionnaire (USEQ). The results showed excellent usability, with high USEQ scores, highlighting the user-friendliness of KDT. Importantly, KDT outcomes showed significant correlations with classical decision-making variables, shedding light on participants’ risk attitudes (S&IRQ), rule-based decision-making (MGT), and performance in ambiguous contexts (IGT). Moreover, hierarchical clustering analysis of KDT scores categorized participants into three distinct profiles, revealing significant differences between them on classical measures. The findings highlight KDT as a valuable tool for assessing decision-making, addressing limitations of traditional methods, and offering a comprehensive, ecologically valid approach that aligns with the complexity and heterogeneity of real-world decision-making, advancing research and providing insights for understanding and assessing decision-making across multiple domains.

Entrepreneurship is a potent force in addressing unemployment and fostering economic growth. However, there remains a research gap in understanding the specific impact of entrepreneurship on unemployment among Soran University Graduate Students within 2010-2023. Hence, the study aims to provide information to address policies and interventions aimed at promoting entrepreneurship and mitigating unemployment challenges among Graduate Students in the specified period. During the research, a descriptive-analytical approach and a quantitative method with 134 participants. As such, the study established a noteworthy and positive correlation between entrepreneurship and the reduction of unemployment. The analysis reveals key insights into the pivotal role of entrepreneurship education, access to funding, and resource facilitation in effectively addressing unemployment challenges among Soran University Graduate Students. The results highlight the significance of empowering graduates to shape their success, contributing not only to personal growth but also to regional economic development. Such findings of the study also emphasize implementing proactive strategies to promote entrepreneurship. All mentioned is supported by a qualitative literature review of previous publications. As a practical value, the study suggests that by fostering an entrepreneurial mindset and providing necessary support, institutions can play a pivotal role in mitigating unemployment and offering a solution to persistent issues

In the multifaceted landscape of entrepreneurship, this research delves into the intricate relationship between entrepreneurial orientation and entrepreneurial intention, focusing specifically on the final-year female undergraduates in Nigerian federal universities. Grounded in the Human Capital Theory (HCT), this study uncovers profound insights into the multifaceted relationships between various entrepreneurial traits and their influence on entrepreneurial intentions. The findings reveal a nuanced relationship between traits such as autonomy, competitive aggressiveness, risk-taking, self-esteem, and the sense of inclusion with entrepreneurial intentions. Autonomy and competitive aggressiveness emerge as significant influencers, while risk-taking displays a non-significant association. Self-esteem holds profound implications, while the sense of inclusion exerts a more subdued impact on entrepreneurial intentions. Theoretical implications challenge and expand existing frameworks, notably HCT. While HCT posits that investments in education and training foster entrepreneurial traits, this study suggests a more intricate relationship. The non-significant association of certain traits, despite their emphasis in HCT, underscores the need for a nuanced understanding, possibly integrating other theoretical frameworks. From a practical standpoint, these findings guide policymakers and educators in designing targeted interventions. Specialized training programs, workshops, and courses emphasizing autonomy, competitive aggressiveness, and self-esteem can be developed. Integrating competitive elements, like business plan competitions, can nurture students' competitive drive. Policy recommendations include tailored entrepreneurial education, fostering inclusive environments, promoting a risk-taking culture, supporting longitudinal studies, and enhancing collaboration between educational institutions and industry.

We draw on the behavioral theory of the firm and prospect theory to examine how performance feedback (decision context) and the characteristics of the alternatives (decision content) that decision makers face jointly determine organizational risk-taking choices. While the behavioral theory of the firm has identified performance feedback's important role in driving organizational risk-taking decisions, it has not considered the intrinsic attributes of alternatives, specifically the magnitude and likelihood of their outcomes, which have been the focus of prospect theory. We argue that these two attributes play a key role in decision makers' assessment of alternatives, but because achieving organizational goals is the prime objective in organizations, performance feedback drives how decision makers process information regarding these attributes. Analyzing 23,895 fourth-down decisions from the U.S. National Football League, we find that decision makers weigh attainment discrepancy and the magnitude and likelihood of outcomes in their choices, depending on deadline proximity. Furthermore, the size and valence of attainment discrepancy modify the weight of the magnitude and likelihood of outcomes in risky choices. Our arguments and findings suggest extensions to the behavioral theory of the firm and imply modifications to prospect theory when applied to the organizational context. [ABSTRACT FROM AUTHOR]

Risk taking increases during the final round of a set of repeated risky decisions, a phenomenon known as the ending effect. Recent evidence suggests that the motivation to pursue an emotionally rewarding ending may account for this ending effect. This study tested this explanation using different task paradigms. Experiment 1 ruled out a financial motivational explanation for the ending effect. Specifically, when risk taking was only associated with emotional incentives without financial rewards, the ending effect remained significant. Experiment 2a demonstrated that the ending effect was robust after controlling for the relevant variables. Experiment 2b measured participants' motivation using a visual reaction time task. The results revealed that perceiving an ending led participants to be more concerned with emotional satisfaction than financial rewards. These findings consistently support the notion that the perception of an approaching ending leads to an increase in emotional rather than financial motivation, and this increased emotional motivation could lead to increased risk-taking toward an ending. This study also ruled out the alternative explanation that the ending effect is driven by the need for financial rewards. [ABSTRACT FROM AUTHOR]

Objectives Numerous theories exist regarding age differences in risk preference and related constructs, yet many of them offer conflicting predictions and fail to consider convergence between measurement modalities or constructs. To pave the way for conceptual clarification and theoretical refinement, in this preregistered study we aimed to comprehensively examine age effects on risk preference, impulsivity, and self-control using different measurement modalities, and to assess their convergence. Methods We collected a large battery of self-report, informant report, behavioral, hormone, and neuroimaging measures from a cross-sectional sample of 148 (55% female) healthy human participants between 16 and 81 years (mean age = 46 years, standard deviation [ SD ] = 19). We used an extended sample of 182 participants (54% female, mean age = 46 years, SD  = 19) for robustness checks concerning the results from self-reports, informant reports, and behavioral measures. For our main analysis, we performed specification curve analyses to visualize and estimate the convergence between the different modalities and constructs. Results Our multiverse analysis approach revealed convergent results for risk preference, impulsivity, and self-control from self- and informant reports, suggesting a negative effect of age. For behavioral, hormonal, and neuroimaging outcomes, age effects were mostly absent. Discussion Our findings call for conceptual clarification and improved operationalization to capture the putative mechanisms underlying age-related differences in risk preference and related constructs. [ABSTRACT FROM AUTHOR]

• Examining risky driving behaviours requires appropriate measurement tools. • The Road Traffic Behaviours Questionnaire has good psychometric properties, as found in studies of Polish car drivers. • A cutpoint indicating dangerously risky driving was established on an empirical basis. • KZD(R) can be useful for both psychological assessment and scientific research. Applying appropriate measurement tools is necessary when examining risky driving behaviours. The aim of this paper is to present a revised Road Traffic Behaviours Questionnaire, i.e., KZD(R), for studying the tendency towards risky behaviour on the road. The study was conducted on a group of 1281 Polish passenger car drivers (630 females) with an average age of 38.78 years (SD = 13.16). The psychometric properties of the questionnaire have been checked by means of factor analysis and adequate reliability measures (the McDonald's omega index of reliability was 0.92, showing a high internal consistency of the scale, and the stability index after a year was at the same level). Positive correlations of the questionnaire results with impulsiveness and venturesomeness from the IVE questionnaire, as well as negative correlations with empathy (IVE) and agreeableness from the Big Five model, confirmed the validity of the tool to measure risk-taking behind the wheel. Moreover, the ROC curve analysis was performed to assess the differentiating ability of the tool's scores in relation to the self-reported data collected from the drivers on the number of road accidents, traffic tickets received, and situations of driving after alcohol usage. The cutpoint above 10 points was established as optimal for classifying drivers into the group of potential dangerous risk-takers in road traffic. Overall, the KZD(R) can be a useful tool to measure risk-taking behind the wheel for various road safety and accident prevention purposes. [ABSTRACT FROM AUTHOR]

This article examines the impact of female independent directors on corporate risk taking during the COVID-19 pandemic. Our findings suggest that there is a negative relationship between female independent directors and corporate risk taking, indicating that female independent directors can effectively lower risks during this period. In addition, it is reported that the negative impact of female independent directors on firm risks is pronounced in the hospitality industry, as well as in regions with higher confirmed cases of COVID-19. Our results call for greater female independent directors' recruitment in the boardroom, yielding benefits of lowering firm risks during a crisis. [ABSTRACT FROM AUTHOR]

The purpose of the current study is to identify factors associated with women's entrepreneurial success. By embracing social feminism theory, this study provides a well-rounded analysis of the individual, social, institutional, and economic factors that shape successful women's business development in a patriarchal society within a Muslim and Arab country. Following the conceptual model development, data were obtained from 212 Moroccan women business owners using a web-based questionnaire. The results, based on structural equation modeling, revealed the positive and direct influence of individual factors on women entrepreneurs' success, including the need for achievement, and risk-taking. Additionally, external factors, particularly government support, social support, and access to finance, were found to be an important determinant of the entrepreneurial success of Moroccan women. This study enriches the existing knowledge on the determinants of the entrepreneurial success of women in developing countries. It offers offer useful managerial implications for policymakers who should implement appropriate actions to promote gender equality, as well as foster an environment conducive to enabling Moroccan women to launch and develop their own businesses. [ABSTRACT FROM AUTHOR]

India's vast geographical diversity provides plenty of scope for the Adventure sports. Adventure sports is an unusual experience or course of events marked by excitement, thrill and suspense. The British systematized the concept of adventure as a tool towards meeting an end leading to the birth of the Outward-Bound movement. It is about taking on challenges, meeting the unknown but more importantly it is about learning. Learning about ourselves and most of all about our potential, a stressbuster in the race of life. In order to get rid of the trauma of exams, career and results the best way to de-stress oneself is ADVENTURE SPORTS. Besides providing leisure time, it gives us eternal pleasure and calmness. Through this one can understand one's capabilities and talents, further valuing oneself. It encourages us to think about our own betterment. Adventure sports give us enthusiasm and courage to explore our hidden potentials in ourselves. Adventure sports stimulate balanced growth of body and mind. Thus, adventure sports are a tool, a magic wind that transforms the "CHICKEN HEART" into a "DARE - DEVIL. The study is to explore the potentials for Adventure sports in India. The study shall also try to find out the different types of adventure sports conducted in India. It is a matter of great concern to highlights the parameters of the adventure sports in its entire perspectives. [ABSTRACT FROM AUTHOR]

Objective: This study expands the literature on risk taking among college students by exploring anti-racism action as a form of positive risk taking. Participants: 346 Black (64%) and Latinx (36%) college students (85% female) ages 18–27 years (M = 18.75, SD = 1.31). Methods: Participants responded to questionnaires on anti-racism action, health-risk taking, and college functioning. Latent class analysis identified behavioral profiles of risk takers. Indicators of profile membership and associations with college functioning were examined. Results: Three profiles emerged: moderate overall risk taking, high health-risk taking, and high anti-racism action. Personal experience with discrimination was associated with a greater likelihood of health-risk taking. Students in the high anti-racism profile evinced greater educational functioning than those in the high-health risk taking profile. Conclusions: Risky behavior on college campuses is not homogeneous. Specific interventions and support networks are necessary to support students falling within specific risk profiles. [ABSTRACT FROM AUTHOR]

The most common definition of risk is quantified by the probability of an adverse event occurring and the value of the adverse consequence. Theoretically, the decision to take a risk can also be based essentially on these two pieces of information. In addition, according to traditional risk-taking models, the perception of risk, the psychological characteristics of the decision-makers and their relevant experience are also important. In the case of mathematicalstatistical-psychological models, little emphasis is placed on the fact that risk is in fact the inability to completely control the activity in question. The causes of this incompleteness are based on the shortcomings in the relevant capabilities of the economic agent. Economic agents have different capabilities, so they rarely face the same risks, even for almost identical activities. Just as the requirements and circumstances of the activity are constantly changing, so are the capabilities of the economic agent. Consequently, the size of the capability gap of an economic agent is also constantly changing. This should be taken into account in risk-taking decisions and their revision. The paper attempts to model this dynamic risk-taking mechanism and to show how different risk-taking strategies may be pursued by economic agents in certain baseline situations. [ABSTRACT FROM AUTHOR]

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Women have been trying to gain independence throughout history. In recent years, advances in technology and business have helped women to achieve this goal. According to women's personality and psychological characteristics, there are differences in their trading styles. One of the factors influencing the choice of this type of strategy is stress. In the last few years, stress and anxiety caused by Corona have become epidemic. In order to test the hypotheses, women traders active in the financial markets of Iran were examined using a Likert questionnaire in 2022, and interesting results were obtained. In order to carry out the research of this study, an interview was conducted first to find suitable questions and validity. Then, the statistical population and sample were selected, and the final questionnaire was distributed among them. MATLAB software was used to identify the number of common descriptive characteristics of the respondents, and finally, using EViews software, statistical analysis related to hypothesis testing was performed. The result shows that women play more conservatively and are risk-averse during the period of coronavirus infection. It has no effect on the volume and capital used in the transaction. The Corona anxiety has significant effects on the three dependent variables of conservatism, trading style, and trading (volume, capital, and number of transactions). [ABSTRACT FROM AUTHOR]

Traditional methods for evaluating decision-making provide valuable insights yet may fall short in capturing the complexity of this cognitive capacity, often providing insufficient for the multifaceted nature of decisions. The Kalliste Decision Task (KDT) is introduced as a comprehensive, ecologically valid tool aimed at bridging this gap, offering a holistic perspective on decision-making. In our study, 81 participants completed KDT alongside established tasks and questionnaires, including the Mixed Gamble Task (MGT), Iowa Gambling Task (IGT), and Stimulating & Instrumental Risk Questionnaire (S&IRQ). They also completed the User Satisfaction Evaluation Questionnaire (USEQ). The results showed excellent usability, with high USEQ scores, highlighting the user-friendliness of KDT. Importantly, KDT outcomes showed significant correlations with classical decision-making variables, shedding light on participants' risk attitudes (S&IRQ), rule-based decision-making (MGT), and performance in ambiguous contexts (IGT). Moreover, hierarchical clustering analysis of KDT scores categorized participants into three distinct profiles, revealing significant differences between them on classical measures. The findings highlight KDT as a valuable tool for assessing decision-making, addressing limitations of traditional methods, and offering a comprehensive, ecologically valid approach that aligns with the complexity and heterogeneity of real-world decision-making, advancing research and providing insights for understanding and assessing decision-making across multiple domains. [ABSTRACT FROM AUTHOR]

Spurred by the rapid modernisation of the sector and the advent of Internet Protocol Television (IPTV), audiovisual (AV) piracy is at epidemic levels, with interventions having limited effect. To date, the dominant themes in interventions have been around personal deterrence (i.e. the threat of legal action) and have not considered other factors that may influence an individual's decision to consume infringing content. In this paper, we consider psychological factors, including perceptions around risk-taking, security behaviours, problematic internet use and personality traits, to gain a comprehensive understanding of factors influencing engagement with IPTV and the potential implications for cyber security. For this purpose, a survey was conducted with 283 participants living in the UK (age range 18–74, male 104), and an integrated structural equation model was constructed. Our findings showed a positive relationship between security behaviours and the perceived risk of viewing IPTV and a negative relationship between the dark personality triad and the perceived risk of viewing IPTV. They suggest that security behaviours fully mediate the relationship between problematic internet use and IPTV risk-taking, indicating a potential new path for anti-piracy interventions with greater efficacy. [ABSTRACT FROM AUTHOR]

Taking 26 listed commercial banks in China from 2010 to 2021 as a research sample, this paper empirically analyzes the impact and mechanism of digital transformation on bank systemic risk. The results show that digital transformation significantly reduces the systemic risk of banks, and the mechanism analysis finds that digital transformation inhibits the systemic risk of banks through two major channels: improving the operational efficiency of banks and reducing bank risk-taking. The results of heterogeneity analysis show that the digital transformation of small and medium-sized banks has a more significant inhibitory effect on the systemic risk of banks. This study provides a reference for better driving the digital transformation of banks and preventing systemic risks in the banking industry. [ABSTRACT FROM AUTHOR]

This study investigates whether employee characteristics are associated with corporate risk-taking activities. The analysis shows that employee tenure is negatively associated with corporate risk-taking. This association remains robust to the instrumental variable approach and propensity score matching method. Furthermore, the negative relation between employee tenure and corporate risk is stronger for firms offering lower wages and for more labor-intensive firms. Overall, this study highlights the importance of considering the interaction between managers and stakeholders such as employees when understanding corporate risk-taking. [ABSTRACT FROM AUTHOR]

Using a balanced panel of treatment and control firms based on Regulation SHO of 2004 which suspended short sale price tests for a third of the stocks in the Russell 3000 index, we examine the impact of short selling on managerial ability. We found evidence that short selling enhances managerial ability in treatment firms during the period in which short sale price tests were suspended. Subsample analysis suggests that our results could be interpreted within the context of risk-taking behavior of CEOs. [ABSTRACT FROM AUTHOR]

In the multifaceted landscape of entrepreneurship, this research delves into the intricate relationship between entrepreneurial orientation and entrepreneurial intention, focusing specifically on the final-year female undergraduates in Nigerian federal universities. Grounded in the Human Capital Theory (HCT), this study uncovers profound insights into the multifaceted relationships between various entrepreneurial traits and their influence on entrepreneurial intentions. The findings reveal a nuanced relationship between traits such as autonomy, competitive aggressiveness, risk-taking, selfesteem, and the sense of inclusion with entrepreneurial intentions. Autonomy and competitive aggressiveness emerge as significant influencers, while risk-taking displays a non-significant association. Self-esteem holds profound implications, while the sense of inclusion exerts a more subdued impact on entrepreneurial intentions. Theoretical implications challenge and expand existing frameworks, notably HCT. While HCT posits that investments in education and training foster entrepreneurial traits, this study suggests a more intricate relationship. The non-significant association of certain traits, despite their emphasis in HCT, underscores the need for a nuanced understanding, possibly integrating other theoretical frameworks. From a practical standpoint, these findings guide policymakers and educators in designing targeted interventions. Specialized training programs, workshops, and courses emphasizing autonomy, competitive aggressiveness, and self-esteem can be developed. Integrating competitive elements, like business plan competitions, can nurture students' competitive drive. Policy recommendations include tailored entrepreneurial education, fostering inclusive environments, promoting a risk-taking culture, supporting longitudinal studies, and enhancing collaboration between educational institutions and industry. [ABSTRACT FROM AUTHOR]

Purpose: Drawing on the dynamic capability view (DCV), the current study aims to examine the mediating effects of entrepreneurial orientation (EO), in terms of innovativeness, proactiveness and risk taking, on the relationships between big data analytics (BDA) capability and sustainable supply chain performance (SSCP). Design/methodology/approach: Data were collected by questionnaire survey from 300 manufacturing organizations. Structural equation modeling (SEM) was used to test the hypotheses. Findings: The findings showed that innovativeness and proactiveness fully mediated the link between BDA capability and SSCP. However, risk taking only partially mediated the relationship between BDA capability and SSCP. There was also a negative relationship between BDA and risk taking. Research limitations/implications: Given that the current study focused on the manufacturing sector, future research is needed to compare different sectors and cultural contexts. Further exploration is also needed into the dimension of risk taking in terms of the role of risk taking in linking BDA capability with SSCP in different cultural settings. Practical implications: Technology may not increase the risk taking capability. Organizations may be creative and proactive but may remain risk averse despite having access to big data. Organizations need a more balanced approach to dynamically integrate and reconfigure the organizations' BDA and EO capabilities in order to enhance SSCP. Originality/value: The role of EO in mediating the relationship between BDA capability and SSCP has not been studied before. The current study aimed to address the gap and contribute to the existing debate on better understanding the factors that are needed by organizations to effectively employ technology to enhance SSCP. Untapped areas for future research are also identified. [ABSTRACT FROM AUTHOR]