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Define Risk Aversion and Give an Example of a Risk-Averse

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Define risk aversion and give an example of a risk-averse person?


Definitions:

Consciousness

The state or quality of awareness, or being aware of an external object or something within oneself.

John B. Watson

An American psychologist who established the psychological school of behaviorism.

Psychological Research

The systematic investigation of scientific theories and behaviors to understand or explain psychological phenomena.

Ethical Issues

Moral challenges and concerns that arise in the practice of personal and professional conduct, affecting decisions and actions.

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