There are many different types of advantages for different people. If you own your own small business then you can choose what hours you have to work, and what hours your employees have to work. The downside to that are numerous things, you are accountable for what your employees do and you have to figure out what to do about it. I don't know if this was what you were looking for but there's my answer.
More competitive the industry.
Joe is risk averse so joe would accept $100 instead of the coin toss. Joe is about to flip a fair coin and will receive $400 if it comes up heads and owe $200 if it comes up tails.
<h3>What Is Risk Averse? </h3>
The term risk-averse describes the investor who chooses the preservation of capital over the potential for a higher-than-average return. In investing, risk equals price volatility. A volatile investment can make you rich or devour your savings.
<h3>What are risk-averse and risk-seeking?</h3>
Risk-seeking confers a high degree of risk tolerance or the number of potential losses an investor is willing to accept. In contrast with risk-seeking investors, risk-averse investors seek low-risk investments and are willing to accept a lower rate of return because of the desire to preserve capital.
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