saketh021 saketh021
  • 14-06-2020
  • Social Studies
contestada

A preference for known risks over unknown risks is best described as follows

Respuesta :

looringhighjump
looringhighjump looringhighjump
  • 20-06-2020

Answer: Ambiguity aversion

Explanation:

In economics and decision theory in general, ambiguity aversion refers to the preference for known risks over unknown risks. This means that in a scenario in which there´s an option in which probable outcomes are unknown, people would rather choose an option in which probable outcomes are known.

No to be confused with risk aversion, which only applies to situations where each probable outcome can be established.

Answer Link

Otras preguntas

How did the production of goods after the Industrial Revolution impact US foreign policy?
How do I work this out? Someone explain fully please
Help me answer these spanish questions.
The type of eruption is directly related to the type of magma that is feeding them.True Or False
Guys... I had an idea! I'm planning to use all my points to have you make me a report on games! 100 points, and brainiest if it's good! Also here's the format
If a spinning skater pulls her arms in so as to reduce her rotational inertia by half, by how much will her rate of spin increase
You go to the store to buy a new TV that is $430. If the tax is 6% of that price, what is the total cost of the TV including tax?
If 4 lattes cost 15 dollars how much would 6 caffe lattes cost? PLEASE HELP
NO LINKS IS THIS CORRECT PLEASE HELP
What are the missing parts of the table?