Difference between Risk aversion and loss aversion?
Welcome to Answerclub.org
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Risk Aversion: People who are risk-averse prefer playing it safe. They’d rather go for something with a sure, smaller gain than take a chance on something bigger but uncertain.
Loss Aversion: This is about not wanting to lose what you already have. People who are loss-averse feel the pain of losing something more than the joy of gaining the same thing. So, they often play it safe to avoid losing.