Asked by TRISHA MARTINEZ on Jul 22, 2024
Verified
A person who is risk averse will like gaining $1,000 more than they will dislike losing $1,000.
Risk Averse
A description of individuals or entities that prefer to avoid risk and seek safer, more predictable outcomes.
- Identify the traits and consequences of adopting a risk-averse attitude.
Verified Answer
BK
Bilonda KalembaJul 24, 2024
Final Answer :
False
Explanation :
A risk-averse person dislikes losing a certain amount more than they like gaining the same amount, due to the psychological principle of loss aversion.
Learning Objectives
- Identify the traits and consequences of adopting a risk-averse attitude.