Difference between revisions of "Risk aversion"
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Revision as of 14:38, 4 December 2018
Risk aversion is the tendency to prefer a sure gain of a moderate amount over a riskier outcome, even if the riskier outcome might have a higher expected payoff.
Definitions
According to Organizational Behavior by Robbins and Judge (17th edition),
- Risk aversion. The tendency to prefer a sure gain of a moderate amount over a riskier outcome, even if the riskier outcome might have a higher expected payoff.
