Risk averseness is the propensity to avoid taking risks, and is generally regarded as a personality variable (Zinkhan & Karande, 1991).
When a consumer makes a purchase decision, higher risk indicates greater consequences and a higher degree of inconvenience if the decision was a mistake (Batra & Sinha, 2000). Thus, the risk that consumers perceive can powerfully influence their behavior.
Burton et al. (1998) suggested that consumers who are more risk
averse would be less prone to purchase counterfeits.
In addition, Peterson and Wilson (1985) confirmed that risk-averse consumers are more likely to purchase
relatively expensive products to reduce the risk of purchasing counterfeits.
Thus,
we proposed the following hypothesis:
Hypothesis 5: Consumers’ high level of risk averseness will have a negative
influence on their attitude toward CSGs.