When tastes are risk loving, a person will always choose a gamble that is riskier over one that is less risky.

Question

Quizplus · Accepted Answer

Risk-loving individuals have a preference for risk, but their choice to engage in riskier gambles over less risky ones also depends on the potential rewards. They weigh the expected benefits against the risks, so they might not always choose the riskier option if the less risky one offers comparable or better expected outcomes.

When Tastes Are Risk Loving, a Person Will Always Choose