A study conducted at the Max Planck Institute for Human Development in collaboration with the University of Basel, Yale University, and the longitudinal German Socio-Economic Panel (SOEP) study at DIW Berlin provides insights into how and in which domains people’s propensity to take risks changes with age. The results indicate that individual risk-taking propensity can be seen as a facet of personality that is subject to change. The study’s results have been published in the Journal of Personality and Social Psychology and are available online as SOEPpaper No. 816.
