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Related Experiment Video

Updated: Oct 22, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods

Published on: September 19, 2012

Personal Values in Relation to Risk Intelligence: Evidence from a Multi-Mediation Model.

Andrea Zammitti¹, Angela Russo², Giuseppe Santisi¹

¹Department of Educational Sciences, University of Catania, 95124 Catania, Italy.

Behavioral Sciences (Basel, Switzerland)

|August 26, 2021

Summary

Personal values influence risk perception. Openness to change and self-transcendence positively correlate with risk intelligence, while conservation values show a negative relationship. These values also mediate the link between age and risk intelligence.

Keywords:

career choices job insecurity personal values risk intelligence uncertainty

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Area of Science:

Psychology
Sociology
Risk Management

Background:

Personal values are crucial for navigating uncertainty in risk societies.
Understanding the interplay between values and risk perception is essential for effective risk management.

Purpose of the Study:

To investigate the relationship between personal values and risk intelligence.
To explore how specific values influence the perception and management of risk.

Main Methods:

A survey of 731 Italian adults (aged 18-65) using the Subjective Risk Intelligence Scale and Portrait Values Questionnaire.
Statistical analysis to determine correlations and mediation effects between personal values and risk intelligence.

Main Results:

Subjective risk intelligence demonstrated a negative association with conservation values and positive associations with openness to change and self-transcendence.
Openness to change and self-transcendence values mediated the relationship between age and subjective risk intelligence.

Conclusions:

Personal values, particularly openness to change and self-transcendence, are significant factors in shaping risk intelligence.
Findings have implications for risk communication, education, and policy development.