Semi-Supervised Machine Learning Method for Predicting Observed Individual Risk Preference Using Gallup Data
Bibliographic record
Abstract
Risk and uncertainty play a vital role in almost every significant economic decision, and an individual’s propensity to make riskier decisions also depends on various circumstances. This article aims to investigate the effects of social and economic covariates on an individual’s willingness to take general risks and extends the scope of existing works by using quantitative measures of risk-taking from the GPS and Gallup datasets (in addition to the qualitative measures used in the literature). Based on the available observed risk-taking data for one year, this article proposes a semi-supervised machine learning-based approach that can efficiently predict the observed risk index for those countries/individuals for years when the observed risk-taking index was not collected. We find that linear models are insufficient to capture certain patterns among risk-taking factors, and non-linear models, such as random forest regression, can obtain better root mean squared values than those reported in past literature. In addition to finding factors that agree with past studies, we also find that subjective well-being influences risk-taking behavior.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.003 | 0.009 |
| Meta-epidemiology (narrow) | 0.001 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.001 |
| Bibliometrics | 0.002 | 0.001 |
| Science and technology studies | 0.000 | 0.000 |
| Scholarly communication | 0.001 | 0.001 |
| Open science | 0.002 | 0.001 |
| Research integrity | 0.001 | 0.002 |
| Insufficient payload (model declined to judge) | 0.001 | 0.001 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".