During the history of mankind, natural disasters have had severe repercussions on the different ecosystems, with volcanic eruptions being a clear example of this. This review is responsible for gathering the most important volatile hazards assessment research of the last decade with the objective of knowing the state of the art in relation to the studies of people's risk perception and acceptance in communities threatened by the danger of volcanic eruptions. In addition, this study includes the analysis of several cases across different countries. The results that this research offers serve as a frame of reference to determine and understand how resilient a community affected by the volatile hazards can be, since they are able to identify the main incident factors of risk that affect the communities to different degrees according to the context at the time of making the risk judgment. On the other hand, through this review, it is proposed as a future research topic to understand the levels of risk acceptance of individuals, due to the fact that the studies related to this subject are scarce.