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No effect of birth order on adult risk taking.


ABSTRACT: Does birth order shape people's propensity to take risks? Evidence is mixed. We used a three-pronged approach to investigate birth-order effects on risk taking. First, we examined the propensity to take risks as measured by a self-report questionnaire administered in the German Socio-Economic Panel, one of the largest and most comprehensive household surveys. Second, we drew on data from the Basel-Berlin Risk Study, one of the most exhaustive attempts to measure risk preference. This study administered 39 risk-taking measures, including a set of incentivized behavioral tasks. Finally, we considered the possibility that birth-order differences in risk taking are not reflected in survey responses and laboratory studies. We thus examined another source of behavioral data: the risky life decision to become an explorer or a revolutionary. Findings from these three qualitatively different sources of data and analytic methods point unanimously in the same direction: We found no birth-order effects on risk taking.

SUBMITTER: Lejarraga T 

PROVIDER: S-EPMC6442587 | biostudies-literature | 2019 Mar

REPOSITORIES: biostudies-literature

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No effect of birth order on adult risk taking.

Lejarraga Tomás T   Frey Renato R   Schnitzlein Daniel D DD   Hertwig Ralph R  

Proceedings of the National Academy of Sciences of the United States of America 20190311 13


Does birth order shape people's propensity to take risks? Evidence is mixed. We used a three-pronged approach to investigate birth-order effects on risk taking. First, we examined the propensity to take risks as measured by a self-report questionnaire administered in the German Socio-Economic Panel, one of the largest and most comprehensive household surveys. Second, we drew on data from the Basel-Berlin Risk Study, one of the most exhaustive attempts to measure risk preference. This study admin  ...[more]

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