Difference between revisions of "Risk aversion"

From CNM Wiki
Jump to: navigation, search
(Created page with "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. ==Defin...")
 
(Related coursework)
Line 10: Line 10:
  
 
==Related coursework==
 
==Related coursework==
*[[Effort Engineering Quarter]].  
+
*[[Individual Decisions Quarter]].  
  
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]

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.

Related concepts

Related coursework