= Risk aversion (psychology)
{wiki=Risk_aversion_(psychology)}
Risk aversion in psychology refers to the tendency of individuals to prefer outcomes that are certain over those that are uncertain, even when the uncertain option may offer a higher expected value. This behavioral trait can manifest in various decision-making scenarios, including finance, personal choices, and health-related behaviors. Key aspects of risk aversion include: 1. **Preference for Certainty**: Risk-averse individuals prefer guaranteed outcomes, even if they are lower in potential reward compared to risky alternatives.
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