Title: Exploring risk preference: insights from systematic review and bibliometric trends

Authors: Md Rahber Alam; Tariq Aziz

Addresses: Department of Business Administration Aligarh Muslim University, Aligarh, 202002, India ' Department of Business Administration Aligarh Muslim University, Aligarh, 202002, India

Abstract: The objective of this study is to conduct a comprehensive bibliometric review of research on risk preferences in finance. We retrieved 255 papers from Scopus covering the period 2000 to 2024 and employed VOSviewer to perform bibliometric analysis, performance evaluation, and thematic clustering. The University of California led with 63 publications in 2023, while the United States was the most impactful country. The 'Journal of Economic Behaviour and Organisation' emerged as the most influential and productive journal. Furthermore, the paper 'Experimental methods: Eliciting risk preferences' has had the most citations, totalling 419. Additionally, we have identified five distinct thematic clusters of research on risk preference in the field of finance. This document provides researchers with guidance on the current status of risk preference research in behavioural finance and elucidates future research avenues. This study offers an introductory analysis and systematic mapping of risk preference literature in finance.

Keywords: risk preference; bibliometric analysis; systematic review; co-citation analysis; cooccurrence analysis.

DOI: 10.1504/AJFA.2026.153115

American Journal of Finance and Accounting, 2026 Vol.9 No.2, pp.166 - 191

Received: 20 Jan 2025
Accepted: 29 Jan 2026
Published online: 22 Apr 2026 *

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