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

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.