How It Works
Glossary
High risk appetite
A person is said to have high risk appetite if they generally show a strong preference for risky courses of action rather than ‘safer’ alternatives.
Confidence bias
A measure of how one's overall belief in one's ability matches actual skill.
Oxford Risk Rating has three components:
- Questionnaire that assesses an individual’s attitude towards risk at work.
- Choice Dilemmas that assess how a person might respond in risky occupational situations.
- Behavioural Analysis to assess how good a person is at taking risky decisions, and compares their own assessment to their actual behaviour.
The combined results determine a person’s psychological risk profile. The individual’s risk profile is expressed as a ‘risk rating’. This is scored in two parts: Risk Tolerance (e.g. 80) and Calculating Risk (e.g. 60). In this instance, the person’s Oxford Risk Rating would be 80 / 60. A standardised percentile score and narrative interpretation is given for each component. The assessment takes about 25 minutes to complete, and a comprehensive feedback report is delivered online within minutes of completion.
Oxford Risk Rating is a prospective tool used to predict how a person might react and behave in risky situations at work. It can help determine whether an individual is suited to a particular job role, and is an effective way of comparing candidates.