Mind & Money: understanding ourselves and our attitudes to risk
On The Money
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The Effects of Social Backgrounds on Risk Takers
There are features of people's social backgrounds or demographic backgrounds that can influence their degree of risk taking. Within a family you can find really low risk takers and really high risk takers. Certain experiences that have a formative role to play on our personality early in life can actually carry through in our risk taking behavior for the rest of our lives. As we become older, we become slightly more sensible and slightly less risk taking.
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