Question

According to ________, you should take the action that produces the least harm. The utilitarian principle the "no free lunch" rule the golden rule kant's categorical imperative the risk aversion principle

Answer 1

According to the risk aversion principle, you should take the action that produces the least harm.

It is a phycological concept applied in economics, specially within the field of finance. When facing situations that involve uncertainty, risk aversion consists on choosing the alternative that diminishes it as much as possible. It is a common behaviour when selecting investment opportunities. For example, a risk averse saver will prefer to keep his money in a bank account (low risk low profit), rather than purchasing shares and betting in the stock markets (high risk high profit).