Objective of scientific research: To discuss the relationship between self-esteem and riskmanagement decision preference of college students and the mediating role of self-efficacy detection.Methods: 418 college students were surveyed with the Self-Esteem Scale (SES), Self-Efficacy Scale (GSES)and Risk Management Decision Scale (ROQ). The results show that: (1) Self-esteem is significantlyproportional to self-efficacy; (2) Self-esteem is significantly proportional to risk management decisionmakingpreferences; (3) Self-efficacy is significantly proportional to risk management decision-makingpreferences of college students (4) Self-efficacy plays a partial mediating role in the harm of self-esteemto college students’ risk management decision preference. Conclusion: Self-esteem not only has a directimpact on college students’ risk decision-making preferences, but also indirectly affect college students’risk decision-making preferences through part of the intermediary of self-efficacy.