Risk aversion (psychology)
id:
risk-aversion-psychology-181-9169437
title:
Risk aversion (psychology)
text:
Risk aversion is a preference for a sure outcome over a gamble with higher or equal expected value. Conversely, rejection of a sure thing in favor of a gamble of lower or equal expected value is known as risk-seeking behavior. The psychophysics of chance induce overweighting of sure things and of improbable events, relative to events of moderate probability. Underweighting of moderate and high probabilities relative to sure things contributes to risk aversion in the realm of gains by reducing th
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in psychology
original url:
https://en.wikipedia.org/wiki/Risk_aversion_(psychology)
date created:
2013-12-05T06:51:32Z
date modified:
2024-09-05T23:53:10Z
main entity:
{"identifier":"Q17083550","url":"https://www.wikidata.org/entity/Q17083550"}
image:
fields total:
13
integrity:
15