Who is more willing to take risks: Americans or Chinese? Stereotyping is what we do best. We instantly say Americans because we of course take more risks while the Chinese are more conservative. However, when asking both American and Chinese students to choose between a high-risk, high-return investment and a low-risk, lower-return investment, Chinese were all about taking a high-risk investment. They enjoy risk more than Americans.
We concluded in class that men are more willing to take risks. But who defines risk? We all have our own definition of risk. Risky to a woman could be riding a motorcycle. But to a guy, that is just an everyday thing. We may think that we as Americans are all about risk-taking when compared to Chinese, but this is only our definition of risk.
Situations change the idea of risk. When it came to investments, Americans do not want the risk. We want to be able to get an investment without risking much. The Chinese are up for more risk in investments. However when it comes to other situations, like riding a motorcycle, Americans may find themselves back at the top.
Do we consider ourselves conservative when it comes to business? Or are we more knowledgeable to know when to take these risks?