This study presents a methodology to determine risk scores of individuals, for a given financial risk preference survey. To this end, we use a regression based iterative algorithm to determine the weights for survey questions in the scoring process. Next, we generate classification models to...

This research examined whether people can accurately predict the risk preferences of others.Three experiments featuring different designs revealed a systematic bias: that participants predicted others to be more risk seeking than themselves in risky choices, regardless of whether the choices...

Risk and uncertainty are vital for making economic decision. An individual's propensity to make riskier decisions depends on various circumstances. Most studies on general and financial risk preference focus on analyzing the correlation between the sociodemographic and economic factors, using...