Which of the following factors does NOT influence attitudes towards risk?

Study for the CII Certificate in Insurance - Introduction to Risk Management (I11). Review key concepts, understand risk principles, and test your knowledge with multiple choice questions.

Courage is not typically considered a factor that influences attitudes towards risk in the same way that age, wealth, and experience of life do. Attitudes towards risk are shaped by an individual's circumstances, background, and learned behaviors rather than personal qualities such as courage.

Age can influence risk perception, as younger individuals may have different experiences or levels of maturity compared to older individuals, leading to variations in how they assess risks. Wealth also plays a significant role in risk attitudes; individuals with more financial resources might be more willing to take risks, as they have a larger buffer against potential losses. Similarly, life experience contributes to how risks are viewed and managed, as past encounters with risk can shape one's understanding and tolerance of future risks.

Courage, however, is more about an individual's personal resolve and does not directly correlate with the overall perception and management of risk. It lacks the external influences and situational context that typically define how individuals perceive and approach risk.

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