Another AEI
article this mornings looks at national differences in survey responses to questions about attitudes toward risk and reward. Among smaller differences on subjects like overall happiness, hard work, and competition, the author notes:
the data shows that 79% of Americans believe that they have some control over their lives — this over twice the 37% rate among those in Japan.
* * *
[R]espondents were prompted with “Adventure and taking risks are important to this person; to have an exciting life.” Only 9% of Japanese agreed with this idea compared to 35% of Americans — a huge difference and one which suggests that the Japanese are deeply risk averse. Similarly, respondents were asked about the idea, “It is important to this person to think up new ideas and be creative; to do things one’s own way.” This is another variant on the question of one’s proclivity to focus on the collective or the individual. Once again, a substantial difference emerged with 40% of Japanese believing in individuality and creativity compared to a far greater 67% of Americans.
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[R]espondents were prompted with “Adventure and taking risks are important to this person; to have an exciting life.” Only 9% of Japanese agreed with this idea compared to 35% of Americans — a huge difference and one which suggests that the Japanese are deeply risk averse.
To be fair, Japan's last big national adventure ended rather badly...
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