The answer is approach-approach conflict.
- Approach-approach conflict is when a person has the option to choose between two decisions, and both seem good for him.
-Another example:
When you want to take a vacation with your family and you want to go to Maldives beaches and your wife wants to go to Hawaii beaches and you have to decide where would you go and the two places seem good for you and your combat start what to choose.
Answer:
RISK PREMIUM
Explanation:
The EMV that a person is willing to give up in order to avoid the risk associated with a gamble is referred to as the <em>Risk premium </em>
A risk premium is the return in excess of the risk-free rate of return an investment is expected to yield It is paid as a compensation to investors who are willing to take on a risk filled kind of investment .
and it can be calculated using this formula :: Risk Premium = Estimated Return on Investment - Risk-free Rate.
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