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The stability of physicians' risk attitudes across time and domains.
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- Author(s): Zhu, Xuemin1,2 (AUTHOR) ; van der Pol, Marjon1 (AUTHOR); Scott, Anthony3 (AUTHOR); Allan, Julia4 (AUTHOR)
- Source:
Social Science & Medicine. Dec2023, Vol. 339, pN.PAG-N.PAG. 1p.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: Risk attitude is known to influence physicians' decision-making under uncertainty. Research on the risk attitudes of physicians is therefore important in facilitating a better understanding of physicians' decisions. However, little is known about the stability of physicians' risk attitudes across domains. Using five waves of data from a prospective panel study of Australian physicians from 2013 to 2017, we explored the stability of risk attitudes over a four-year period and examined the association between negative life events and risk attitudes among 4417 physicians. Further, we tested the stability of risk attitude across three domains most relevant to a physician's career and clinical decision-making (financial, career and clinical). The results showed that risk attitude was stable over time at both the mean and individual levels but the correlation between domains was modest. There were no significant associations between negative life events and risk attitude changes in all three domains. These findings suggest that risk attitude can be assumed to be constant but domain-specificity needs to be considered in analyses of physician decision-making. • Little is known about the stability of risk attitudes among the physician population. • Financial, career and clinical risk attitudes remained stable across four years. • Modest correlations were observed between domain-specific risk attitudes. • Negative life events were not associated with risk attitude changes. • Domain specificity of risk attitudes may need to be considered in physicians' decisions. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Social Science & Medicine is the property of Pergamon Press - An Imprint of Elsevier Science and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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