0 unwilling to take risks or wanting to avoid risks as much as possible: --
1 not wanting to take risks: --
If women are risk-averse, why do they start so many new businesses?
This risk-averse approach explains why the yield is relatively modest.
So even risk averse individuals may decide to delay in the expectation of creating more wealth and enjoying a higher long-term income.
Agents maximize expected utility and are risk averse.
He is then said to be risk averse.
Agents with positive r values are risk averse; those with negative r values are risk loving.
But how can one teach the management of risk when increasingly the framework of teaching itself is becoming risk averse?
This is likely to be true even for risk-averse low-income farmers for whom subsistence crops are a major portfolio item.
Future interest rates and prices need not be known, and risk-averse behavior relative to those stochastic processes need not be excluded.
Risk-averse decision makers should be interested not only in expected values but also in the variances of outcome variables.
