Risk aversion
Risk aversion is a concept in psychology, economics and finance theory explaining the behaviour of consumers and investors under uncertainty. Risk aversion occurs when a person is willing to accept a lower expected payoff if it means they can have a more predictable outcome. For a more general discussion see the main article risk.
External links
- More thorough introduction
- Prof. Rabin's homepage
- A response (2001) by Ariel Rubinstein
- Paper about problems with risk aversion
~ Table of Content ~
| ► | Introduction |
| ► | Example |
| ► | Utility of money |
| ► | Measures of risk aversion |
| ► | Limitations |
| ► | See also |
| ► | External links |
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