Whether it is a high speed race or taking part in high risk sports, teenagers are always ready for it. This is why it may come as a surprise to most people that a study recently found that teenagers don\u2019t actually like taking risks. So how is it that a group of people who are constantly engaging in activities that are reckless and dangerous to themselves and others don\u2019t actually like taking risks?<\/p>\n
33 teenagers of ages ranging between 12 and 17 and 32 adults in the age range of 30 to 50 were used in the experiment. The participants were required to make several financial decisions in sequence, and each of these decisions had a certain degree of risk associated with it. The decision was to choose between getting $5 on the spot or taking part in a lottery where there was a potential to get anything from nothing to amounts much higher than $5. In the high risk lottery, the participants were told exactly what their chances were while in the other lottery, the probabilities were kept vague or ambiguous.<\/p>\n
As it turns out, there were fewer teenagers opting for the high risk lotteries as compared to the adults which meant that the teenagers kept well away from risk when they fully understood the risks. This however wasn\u2019t the end of the findings. It was also seen that the teens were much more likely to participate in the lottery that was seen as ambiguous as compared to the adults. There the teens were opting for a higher financial gain but only when they lacked information on the risk that was involved.<\/p>\n