You've just learned about the three main attitudes towards risk – risk averse, risk neutral, and risk seeking.

Diagram showing the three risk attitudes: Risk neutral, risk adverse, and risk seeking.

Image: Diagram showing risk management levels; risk neutral, risk averse, and risk seeking.

Task 1:

Conduct online research into these three risk attitudes. What actions and behaviour do people and groups show for each of these attitudes?

A recent example of how someone’s attitude towards risk influences their behaviour is the recent Coronavirus pandemic. How would you describe individual and/or group behaviour against each attitude and consider what factors may be driving those factors? There are clear parallels that can be drawn when managing risk on projects.

Task 2:

Summarise your findings, listing the typical behaviours you have found for each risk attitude.

Task 3:

For your organisation or team, how would you judge the dominant attitude towards risk and what evidence do you have for your choice? Please justify why this attitude towards risk may be present.

Bring your findings together in a short document and save your work for future reference.

When you’re ready, select Next to continue.

Activity: Risk attitude

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