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RESTAURANTS There is talk of banning smoking in Rome restaurants, but until a law is passed, the smoke-averse should angle for outdoor tables wherever and whenever possible.
With more than thirty-three varieties of oysters on ice — Naked Cowboys from Long Island Sound, Beausoleils from New Brunswick, Moon Shoals from Massachusetts — the bivalve-averse should head elsewhere.
And unless it's an act of extreme exposure therapy, the shark-averse should not visit Mexico's Guadalupe Island.
"Although both consumers and corporates seem to be increasingly cautious and risk averse, they should continue to purchase or invest in brands in both fast and slow growth markets to stimulate top-line sales growth," added Sorrell.
This is in line with the Incentive-Intensity-Principle (e.g., Milgrom and Roberts 1992) which says, amongst others, that more risk averse agents should be provided with less incentives and imprecise performance measurement implicates lower incentives.
We test this by presenting agents with a choice between comparative reward schemes and independent contracts, which are designed such that under uncertainty about output distributions (that is, under ambiguity), ambiguity averse agents should typically prefer comparative reward schemes, independent of their degree of risk aversion.
"A risk-averse person should not be doing this job," he said.
If Poundland was really so risk-averse, it should never have bought 99p Stores.
Risk-averse investors should stick with dollar-denominated bonds, said Seruma.
Accepted wisdom: Tax-averse retirees should move to Florida or Nevada, which have no state income or estate taxes.
However risk-averse investors should take note that Kennedy's strategy involves seeking out low-float micro-cap stocks, which are often wildly volatile.
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