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Chapter 4 Risk Attitude - Coggle Diagram
Chapter 4 Risk Attitude
Risk averse
desire to avoid / threat :arrow_down: threat
:check:
exploit opportunities to :arrow_down: threats
:check:
uncertainty
uncomfortable
uncertain outcomes
:frowning_face:
decision rule
maximin
max. min profit
the least unattractive outcomes
Risk seeking
desire to avoid / :arrow_down: threat
:green_cross:
exploit opportunities to :arrow_down: threats
:green_cross:
uncertainty
comfortable
uncertain outcome
:smiley:
decision rule
maximax
max. max. profit
the best outcome
Risk tolerant
exploit opportunities to :arrow_down: threats
:green_cross:
uncertain outcomes
:smiley:
desire to avoid / :arrow_down: threat
:green_cross:
uncertainty
tolerant
Risk neutral
ready to take short term actions
certain long term results
uncertainty in long term
uncomfortable
decision rule
minimax regret
min regret :red_cross: decision
lowest regret
opp lost
diff :arrow_right: the best outcome