Risk plays a critical role in the decision making process. However, numerous studies have shown that it is common for executives, managers and individuals to be considered:

Question

Quizplus · Accepted Answer

Numerous studies have shown that individuals tend to be risk averse, meaning that they prefer safer and more certain options over riskier ones, even if there is a potential for greater reward. This is especially true in the context of financial decision making. While there may be some individuals who are risk neutral, risk prone, or risk seekers, they are generally considered to be the exception rather than the rule.

Risk Plays a Critical Role in the Decision Making Process