Asked by Hassaan Haider on May 10, 2024
Verified
Risk aversion simply means that people dislike bad things to happen.
Risk Aversion
A dislike of uncertainty.
Bad Things
Negative events, actions, or outcomes that are undesirable or harmful.
- Understand the concept of risk aversion and how it influences decision-making.
Verified Answer
AA
Austin ArnallMay 14, 2024
Final Answer :
False
Explanation :
Risk aversion refers to the preference for avoiding losses over acquiring equivalent gains; it's about the preference for certainty over uncertainty, not just disliking bad things.
Learning Objectives
- Understand the concept of risk aversion and how it influences decision-making.