Concept information
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crisis management
civil crisis management
decision making
the psychology underlying decision making
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crisis management
civil crisis management
decision making
the psychology underlying decision making
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learning and perception
cognitive processes
decision making
the psychology underlying decision making
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politics and international relations
governance
decision making
the psychology underlying decision making
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social psychology
judgment and decision making
decision making
the psychology underlying decision making
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business and management
management skills
decision making
the psychology underlying decision making
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process approach to leadership
situational leadership
decision making
the psychology underlying decision making
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cognitive psychology
thinking (psychology)
decision making
the psychology underlying decision making
Preferred term
risk aversion
Definition
- There are three risk attitudes (risk aversion, risk seeking, and risk neutrality). The risk attitude of “risk aversion” is distinguishable from the concept of “loss aversion.” This entry discusses risk attitudes and then examines the early concepts of risk aversion in the work of mathematician Daniel Bernoulli in 1738 and the psychological research of Amos Tversky and Daniel Kahneman extending the theories in the last quarter of the 20th century. [Source: Encyclopedia of Medical Decision Making; Risk Aversion]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/risk_aversion
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