0 unwilling to take risks or wanting to avoid risks as much as possible:
If women are risk-averse, why do they start so many new businesses?
This risk-averse approach explains why the yield is relatively modest.
Liquidity is important in our model because risk-averse individuals have an incentive to smooth consumption over earnings and employment shocks.
Fluctuating prices increase the equilibrium forest stock because, for risk-averse forest owners, marginal utility of exploitation is lower when revenues are uncertain.
Risk-averse decision makers should be interested not only in expected values but also in the variances of outcome variables.
Future interest rates and prices need not be known, and risk-averse behavior relative to those stochastic processes need not be excluded.
This is likely to be true even for risk-averse low-income farmers for whom subsistence crops are a major portfolio item.
But how can one teach the management of risk when increasingly the framework of teaching itself is becoming risk averse?
Agents with positive r values are risk averse; those with negative r values are risk loving.
He is then said to be risk averse.
