This chapter provides an overview of the research literature and the important issues regarding risk perception and … factors of risk within the domains of risk perception and risk tolerance. Risk perception is the subjective decision … risk tolerance. The academic literature reveals that various disciplines provide an assortment of perspectives in terms of …

The topic of risk incorporates a variety of definitions within different fields such as psychology, sociology, finance …, and engineering. In academic finance, the analysis of risk has two major perspectives known as standard (traditional …) finance and behavioral finance. The central focus of standard finance proponents is based on the objective aspects of risk …

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 …