EXPLORING THE RELATION BETWEEN MACH SCORES AND RISK ATTITUDE: EMPIRICAL FINDINGS FROM INDIVIDUAL VERSUS GROUP TESTING

Dan Dacian Cuzdriorean (), Alina Beattrice Vladu (), Szilveszter FEKETE Pali-Pista (), Paula Ramona Rachisan () and Adrian Grosanu ()
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Dan Dacian Cuzdriorean: Babes-Bolyai University of Cluj-Napoca, 400084, Romania
Alina Beattrice Vladu: Babes-Bolyai University of Cluj-Napoca, 400084, Romania
Szilveszter FEKETE Pali-Pista: Babes-Bolyai University of Cluj-Napoca, 400084, Romania
Paula Ramona Rachisan: Babes-Bolyai University of Cluj-Napoca, 400084, Romania
Adrian Grosanu: Babes-Bolyai University of Cluj-Napoca, 400084, Romania

European Journal of Accounting, Finance & Business, 2024, vol. 12, issue 3, 12-21

Abstract: Our research delves into the correlation between Mach scores and risk attitudes in both individual and group testing. We conducted a quasi-experiment involving accounting students and performed a statistical analysis of the data. Our findings reveal two key points: firstly, individuals with high Mach scores tend to be more inclined towards risk-taking compared to those with low scores on the Mach IV scale; and secondly, high Mach scores exert a greater influence on group decision-making. Our results underscore the distinction between group and individual behavior in terms of risk attitudes and highlight the predictive utility of the Mach-IV scale in assessing risk attitudes.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ejafbu:v:12:y:2024:i:3:p:12-21

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