Page 200 - P1 Integrated Workbook STUDENT 2018
P. 200

Chapter 11




               2.4  Attitudes to risk



                     Risk averse                    Risk neutral                    Risk seeker







                   Aim for the best                    Ignore the                  Aim for the best
                        possible                        range of                       possible

                    outcome in the                  outcomes and                   outcome in the
                      worst case                      aim for the                      best case
                       scenario                       highest EV                       scenario






                       Maximin                    Expected value                       Maximax









































               196
   195   196   197   198   199   200   201   202   203   204   205