This paper proposes a revised version of the original Domain-Specific Risk-Taking(DOSPERT) scale developed by Weber, Blais, and Betz (2002) that is shorter andapplicable to a {broader range of ages, cultures, and educational levels}. Italso provides a French translation of the revised scale. Using multilevelmodeling, we investigated the risk-return relationship between apparent risktaking and risk perception in 5 risk domains. The results replicate previouslynoted differences in reported degree of risk taking and risk perception at themean level of analysis. The multilevel modeling shows, more interestingly, thatwithin-participants variation in risk taking across the 5 content domains of thescale was about 7 times as large as between-participants variation. We discussthe implications of our findings in terms of the person-situation debate relatedto risk attitude as a stable trait.
