In your opinion, to what extent do you think it is possible to transform a risk-averse...

In your opinion, to what extent do you think it is possible to transform a risk-averse person into the risk-seeking person? What ideas can you come up with for training risk-seeking people to become more risk-neutral? A one or two paragraph answer is sufficient.

Expert Solution

Risk-averse is a person who seeks for the deals regarding the guarantee payments which involve no risk whereas risk-seeking person also loves to take risks for some better opportunities. There is no guarantee of win or lose for themselves. To some extent, it is possible to turn a risk-aversion person into a risk-seeking person by providing deals which involves little risks. Once the person starts winning the deals of little risks. He will tend to involve in more risk-seeking deals.

Risk neutral person is the person who makes his decision mathematically. They have traits of both risk-aversion and risk-seeking person. For low risk deals, they person taking risks and for high risk deal they prefer the guarantee payments. We can train risk seeking person to become more risk neutral by teaching his to take his all decisions mathematically to what extent he can have the profit of the deal. Instead of just falling for risky deals, do calculations and know probability of winning.

A Thumbs Up! Would be really helpful for me. If you have any questions, please leave a comment and I will get back to you as soon as possible.

keosha answered 2 months ago

In your opinion, what are the benefits of starting a business? What do you think are...

In your opinion, what are the benefits of starting a business? What do you think are the contributions of small/medium businesses in the Canadian economy? Can you think of any other profession/field where similar benefits might be offered?

Cooperating to improve Global Health , but what, in your opinion, do you think is the...

Cooperating to improve Global Health , but what, in your opinion, do you think is the best solution? How do we make these projects sustainable? Lastly, is there a specific region you would focus on?

In your opinion, what will be the future of Shenzhen? For example, do you think Shenzhen...

In your opinion, what will be the future of Shenzhen? For example, do you think Shenzhen will outsource all manufacturing production to other provinces in China or other countries? Will China become more focused on the service sector like the US? Or, do you think the gentrification in the city of Shenzhen will become worse?

What are the sections of the CAFR? In your opinion, which section do you think is...

What are the sections of the CAFR? In your opinion, which section do you think is most important and why? Please share.

What is your opinion of the new FLSA rule? What do you believe as possible impacts...

What is your opinion of the new FLSA rule? What do you believe as possible impacts of the new rule on the US economy? (200 words or more)

Do you think that U.S. society can eliminate poverty? To what extent do you think this...

Do you think that U.S. society can eliminate poverty? To what extent do you think this outcome is likely?

What is your opinion on the NCLB? Do you think that Federal involvement in public education...

What is your opinion on the NCLB? Do you think that Federal involvement in public education is a good thing? Why or why not?

1. What do you think (in your opinion) is the purpose of Financial Authorities to monitor...

1. What do you think (in your opinion) is the purpose of Financial Authorities to monitor quarterly reporting of emitents / public listed companies? 2. What do you think about the inefficiencies (could be from technical or accounting principle, e.g. omitted disclosures, or company's side of readiness for full disclosure) of interim reporting on quarter basis? 3. If you were given role of Accounting Manager of a Group, how would you approach interim reporting? Is that of major significance to...

Q1. To what extent do you think is it necessary for the leader of a multicultural...

Q1. To what extent do you think is it necessary for the leader of a multicultural team to be familiar and accustomed with the culture of each member of the team ? Q2. To what extent do you consider that Transcultural competence is crucial when managing and leading a multicultural and diversified team. Are we born with or we can acquire this competence. Discuss. Q1. To what extent do you think is it necessary for the leader of a multicultural...

To what extent do you think competition led to the Volkswagen scandal?

Question