Investment consultants or agents may predict that their competitors are more risk seeking
, but make more conservative decisions for their clients.
125, indicating risk seeking
. This trend changes to risk neutrality for p=.25, and to risk aversion for larger probabilities.
Such interviews may offer more evidence as to the levels of risk seeking
and risk aversion among executives.
Choosing A in Problem 3 shows risk seeking
behavior while choosing B signals risk aversion.
(139) For instance, defendants who profited from a breach of contract and are being sued for damages may compare both trial and settlement to the status quo, view them as losses, and thus exhibit risk seeking
. (140)The same defendants, however, would be risk-averse if they were to evaluate these prospects in reference to their position before profiting from the breach of contract, which makes both trial and settlement appear as gains.
The pursuit of market opportunities in an uncertain context by Technico cannot be simply viewed as an exercise in risk tolerance or risk seeking
, although mitigation of some of its perceived risks--accommodation--helped Technico in acclimatising to the uncertainties of the Chinese context.
--Condition 2: Who is risk seeking
on the domain of losses (Kahneman and Teversky, 1979).
Five variables clustered under the rubric of entrepreneurial orientation (innovativeness, proactiveness, risk seeking
, competitive aggressiveness, and autonomy seeking) plus environmental munificence.
Target real estate investment portfolios parameters for different investors with different reliability levels, when variables are dependable Reliability Target portfolio level characteristics for risk averse investor, [U.sub.1] [a.sub.1], % [[sigma].sub.1], % 2 quartile 8,8039 4,4622 3 quartile 12,3244 4,7375 maximum 22,0079 4,8875 Reliability Target portfolio characteristics level for the average risk seeking
investor, [U.sub.2] [a.sub.2], % [[sigma].sub.2], % 2 quartile 9,7717 5,3874 3 quartile 13,7332 5,6443 maximum 26,0705 6,1119 Reliability Target portfolio level characteristics for the risk seeking
investor, [U.sub.3] [a.sub.3], % [[sigma].sub.3], % 2 quartile 10,3718 6,3611 3 quartile 15,0438 6,7094 maximum 28,1136 6,8254 Table 3.
Whether or not someone exhibits risk aversion or risk seeking
depends both on the situation and the individual (e.g.
For example, contrary to popular insurance for earthquakes--a vivid and dreaded, but low likelihood event --the higher likelihood, but more familiar crop loss evokes enough risk seeking
behaviour to render insurance programs unsustainable.