Develop an example of a job that would benefit from risk-taking.

Question

What will be an ideal response?

Answer 1

Varies but would include rock climbers are an example of people who assume the
physical aspect of risk-taking. Firemen can be considered risk-takers that are both
social and physical because they risk physical harm but it is to help others so it has a
social component. Entrepreneurs can be considered social risk-takers but not physical.
Entrepreneurs have been found to have a higher risk-taking propensity than general
managers. Moreover, there are larger differences between entrepreneurs whose
primary goal is venture growth versus those whose focus is on producing family income.
Risk-taking has been examined in the general population and across cultures and the
evidence is interesting. Survey data from 77 countries (147,118 respondents) suggest
that risk-taking declines across the life span--as we get older, we take fewer risks.
However, there are differences across countries. In countries in which hardship (e.g.,
social unrest and economic strife) exists, risk does not decline as the people get older.
These findings suggest that when resources are scarce, people must continue to
assume risk to compete for resources, so risk-taking does not decline as they age.