An Evaluation of the Choice Dilemma Questionnaire as a Measure of Risk-Taking Propensity

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The Choice Dilemma Questionnaire (CDQ) has been extensively used in risk taking studies due to its ease of administration and its ability to consistently produce risky shifts. However despite its wide use, it has been subject to a number of criticisms. This study attempts to see if the CDQ score is factorially pure or if it is made up of sub- scales. Responses from two hundred and two students were factor analysed and it was found that four factors emerged. The study concludes that risk-taking is a multidimensional concept and one needs to take into account the different types of risks if we are to use risk-taking propensity as a personality measure while studying individual …