Risk aversion/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> Preference for a low risk venture over a higher risk venture, even if it has a greater expected value.) |
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Preference for a low risk venture over a higher risk venture, even if | Preference for a low risk venture over a higher risk venture, even if the higher-risk venture has a greater [[expected value]]. | ||
Latest revision as of 03:41, 5 June 2010
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Risk aversion [r]: Preference for a low risk venture over a higher risk venture, even if the higher-risk venture has a greater expected value.