10
Factors That Influence Risk Tolerance
Before we get started I would like to
first acknowledge the work that Dave Fennell of Imperial Oil/Exxon Mobil has
developed the materials and information I will be using as the foundation for
the upcoming posts on Risk Tolerance. My work on this topic will certainly be
fruit of that tree.
Shortly we will see some links posted regarding PHd. Mike Williamsen's commentary on the same subject matter.
As you peruse the factors below I would greatly appreciate your thoughts on additional factors that might influence an individuals risk tolerance.
Other manners that Risk Tolerance might be spoken:
Risk Appetite
Risk Acceptance
Risk Perception
Risk Influence
10 Factors That Influence Risk Tolerance:
Here is the list of the 10 Factors That Influence Risk Tolerance. The arrows next to each factor indicate whether this factor increases risk tolerance (a negative influence) or helps reduce it (a positive influence).
10 Factors That Influence Risk Tolerance
1. Overestimating Capability/Experience ↑
2. Familiarity with the Task ↑
3. Seriousness of Outcome ↓
4. Voluntary Actions and Being in Control ↑
5. Personal Experience with an Outcome ↓
6. Cost of Non-Compliance ↓
7. Confidence in the Equipment ↑
8. Confidence in Protection and Rescue ↑
9. Potential Profit & Gain from Actions ↑
10. Role Models Accepting Risk ↑
Some other potential factors:
Religion
Depression
Comfort
Perception
Peer Pressure
etc.
Enjoy! And do please try to keep the engagement "On-Topic": Risk Tolerance.
Dive in the dialog will be cool and inviting!
Shortly we will see some links posted regarding PHd. Mike Williamsen's commentary on the same subject matter.
As you peruse the factors below I would greatly appreciate your thoughts on additional factors that might influence an individuals risk tolerance.
Other manners that Risk Tolerance might be spoken:
Risk Appetite
Risk Acceptance
Risk Perception
Risk Influence
10 Factors That Influence Risk Tolerance:
Here is the list of the 10 Factors That Influence Risk Tolerance. The arrows next to each factor indicate whether this factor increases risk tolerance (a negative influence) or helps reduce it (a positive influence).
10 Factors That Influence Risk Tolerance
1. Overestimating Capability/Experience ↑
2. Familiarity with the Task ↑
3. Seriousness of Outcome ↓
4. Voluntary Actions and Being in Control ↑
5. Personal Experience with an Outcome ↓
6. Cost of Non-Compliance ↓
7. Confidence in the Equipment ↑
8. Confidence in Protection and Rescue ↑
9. Potential Profit & Gain from Actions ↑
10. Role Models Accepting Risk ↑
Some other potential factors:
Religion
Depression
Comfort
Perception
Peer Pressure
etc.
Enjoy! And do please try to keep the engagement "On-Topic": Risk Tolerance.
Dive in the dialog will be cool and inviting!
1 day ago
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