Components of the political risk perception process:
1) Probability assessment: the ability to determine the probability of a negative political event, such as an economic crisis, war or change of political regime.
2) Impact assessment: an assessment of the extent to which an expected event will affect different areas of life – personal security, economic situation, rights and freedoms, or social stability.
3) Influencing factors: Psychological perception of risk depends on several elements, including:
– Previous experience: The experience of an individual or group related to previous political crises.
– Media sources: how news is presented and analysed, including the impact of propaganda and rumours.
– Personal qualities: a tendency to pessimism or optimism, the level of political anxiety and trust in the ruling regime.
– Social and political affiliation: the perception of risk differs according to party or ideological affiliation.