Empirical studies have shown that in most situations,people are ________.

Question

Quizplus · Accepted Answer

Empirical studies have consistently shown that people tend to be risk averse in most situations. This means that they prefer a sure gain over a gamble with potentially higher payoffs but also the possibility of losing. While there may be individuals who are either risk neutral or risk seeking, the overall trend among the population is towards risk aversion.

Empirical Studies Have Shown That in Most Situations,people Are ________