3 years ago

A preference for known risks over unknown risks is best described as follows

Social Studies

1 answer:

Greeley [361]3 years ago

5 0

Answer: Ambiguity aversion

Explanation:

In economics and decision theory in general, ambiguity aversion refers to the preference for known risks over unknown risks. This means that in a scenario in which there´s an option in which probable outcomes are unknown, people would rather choose an option in which probable outcomes are known.

No to be confused with risk aversion, which only applies to situations where each probable outcome can be established.

You might be interested in

What percentage of white Southerners were slaveholders in 1830?

schepotkina [342]

<span>What percentage of white Southerners were slaveholders in 1830?

your answer is about 26%</span>

5 0

4 years ago

Read 2 more answers

How many votes are required in congress to override a presidential veto?

IceJOKER [234]

Answer:

A 2/3 vote majority

Explanation: i think

5 0

3 years ago

All of the following have contributed to Europe’s pollution problem by being released into the water supply, except __________.

ololo11 [35]

The answer is D. Carbon Dioxide.
Carbon dioxide is a type of gas, so it would cause AIR POLLUTION and NOT WATER POLLUTION

4 0

3 years ago

Read 2 more answers

HELP ASAP

irakobra [83]

Answer:

An economic indicator is a piece of economic data, usually of macroeconomic scale, that is used by analysts to interpret current or future investment possibilities. These indicators also help to judge the overall health of an economy.

Explanation:

3 0

3 years ago

The branch of goverment which makes decisions about (evaluates) the laws of the land is called the Branch

horsena [70]

The judicial branch evaluates laws to determine if they are Constitutional. This process is called judicial review.

6 0

4 years ago

Read 2 more answers