Therein lies one of the key challenges for the legal team in facilitating the innovation strategy: how can big contract with small, regulated with unregulated, risk averse with risk taking, so that the respective constraints can be respected while at the same time unlocking the opportunities?
The individual physician's approach to risk will also play a role; the more risk averse with respect to tumour recurrence will attempt to cover all possible sites of disease, while the less risk averse with respect to recurrence (or more risk averse for complications) will try to keep the volume small.
The agent is strictly risk averse with utility (U_{A} = - { exp }( - r(S - C varvec{a})))).
Moreover, a higher compensation is required by people who are more loss averse with regard to money.
Such opportunities may overcome barriers to employment that arise because employers underestimate worker skills or perceive wide variability in skills and are risk averse with regard to this uncertainty.
Back in the winter of 2011, when Chairman Tom Ricketts wasn't averse to talking with the team's beat writers, he was asked if ownership's honeymoon with fans was already over.
This paper develops a payoff equivalence theorem for mechanisms with ambiguity averse participants with preferences of the Maxmin Expected Utility (MEU) form (Gilboa and Schmeidler, 1989).
Conte has wielded the axe on several under-performing members of the Italy squad following their poor showing at the 2014 World Cup, when they were knocked out at the group stage, but, while he has shown a degree of ruthlessness, his call-ups have been fairly risk-averse, with little faith placed in the untested.
Whether you want to hang out in an indoor water park, soar above the trails on a zip-line course, or have a relaxing day at the spa, you'll find no shortage of fun diversions at resorts that welcome the skiing-averse with open arms.
