In this article, we describe a multistudy project designed to explain observed cross-national differences in risk …

Understanding cultural differences in risk perception is critical in an increasingly uncertain world. Here we examine … the relationship between the individualism-collectivism continuum and risk perception around the world using a recently … from 142 countries, the dataset contains rich information including risk perception in terms of perceived likelihood and …

This study explores risk perceptions in social settings. Part of building business relationships involves informal …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

propose to use subjective risk perception as the source of information for quantifying vulnerability since it overcomes some … vulnerability to downside risk to risk perception data from Thailand and Vietnam and find that households in the latter country tend …In this paper we propose an approach to vulnerability called perceived vulnerability to downside risk. We argue that …

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

This study proposes a new “two-factor” risk preference metric and assesses its effectiveness in predicting financial … satisfaction under two risk domains: investment market risk and credit card risk. The factors in our two-factor assessment are risk … tolerance and financial self-efficacy (FSE), both of which have other theoretical and empirical support as measures of risk …

individual financial risk taste changes over time with the background macroeconomic and financial conditions, as well as personal … and subjective exposure to portfolio risk. Considering six different self-assessed facets, we find that risk appetite is … higher during periods of economic growth and lower during periods of recession. Risk taste is however unrelated to time when …

The paper examines in the laboratory how risk-taking situations are affected by the conditions of observing other …

labor-income risk can explain much of this risk-taking pattern. Uncontrollable labor-income risk stresses middle …, middle-income households reduce (controllable) financial risk. Richer households, having less pressure, can afford more risk …-taking. The poor take low risk because they avoid jeopardizing their subsistence consumption. …