In choosing between less and more risky options, an individual's _____often plays a role.
A) Risk taking propensity
B) Background
C) Physical features
D) Cognitive ability
E) Both C and D

Question

Quizplus · Accepted Answer

Risk taking propensity refers to an individual's inclination towards taking risks, and it often plays an important role in decision-making when it comes to choosing less or more risky options. An individual with a high risk taking propensity is more likely to choose a more risky option, while someone with a low risk taking propensity is more likely to choose a less risky option. Therefore, risk taking propensity is the best choice in this scenario.

In Choosing Between Less and More Risky Options, an Individual's