TY - JOUR
T1 - Assessing a domain-specific risk-taking construct
T2 - A meta-analysis of reliability of the DOSPERT scale
AU - Shou, Yiyun
AU - Olney, Joel
N1 - Publisher Copyright:
© 2020. The authors.
PY - 2020/1
Y1 - 2020/1
N2 - The DOSPERT scale has been used extensively to understand individual differences in risk attitudes across varying decision domains since 2002. The present study reports a reliability generalization meta-analysis to summarize the internal consistency of both the initial and the revised versions of DOSPERT. It also examined factors that can influence the reliability of the DOSPERT and its subscales. A total of 104 samples (N = 30,109) that reported 465 coefficient alphas were analyzed. Results of meta-regression models showed that the overall coefficient alpha of the DOSPERT total scores was satisfactory, regardless of the scale and study characteristics. Coefficient alphas varied significantly across domain subscales, with values ranging from .68 for the social domain to .80 for the recreational domain. In addition, the alpha coefficients of subscales varied significantly depending on various study characteristics. Finally, we report the meta-analysis of the intercorrelations among DOSPERT subscales and reveal that intercorrelations among the subscales are heterogeneous. We discuss the theoretical implications of the present findings.
AB - The DOSPERT scale has been used extensively to understand individual differences in risk attitudes across varying decision domains since 2002. The present study reports a reliability generalization meta-analysis to summarize the internal consistency of both the initial and the revised versions of DOSPERT. It also examined factors that can influence the reliability of the DOSPERT and its subscales. A total of 104 samples (N = 30,109) that reported 465 coefficient alphas were analyzed. Results of meta-regression models showed that the overall coefficient alpha of the DOSPERT total scores was satisfactory, regardless of the scale and study characteristics. Coefficient alphas varied significantly across domain subscales, with values ranging from .68 for the social domain to .80 for the recreational domain. In addition, the alpha coefficients of subscales varied significantly depending on various study characteristics. Finally, we report the meta-analysis of the intercorrelations among DOSPERT subscales and reveal that intercorrelations among the subscales are heterogeneous. We discuss the theoretical implications of the present findings.
KW - Domain specific risk taking scale
KW - Meta-analysis
KW - Reliability generalization
KW - Risk attitudes
UR - http://www.scopus.com/inward/record.url?scp=85079484818&partnerID=8YFLogxK
M3 - Article
SN - 1930-2975
VL - 15
SP - 112
EP - 134
JO - Judgment and Decision Making
JF - Judgment and Decision Making
IS - 1
ER -