Sentence examples for hazard aversion from inspiring English sources
The recommendations cover a range of issues, among them: the relation between coloring the risk matrix and the definition of risk and major hazard aversion; the qualitative, subjective assessment of likelihood and consequence; the scaling of the discrete likelihood and consequence categories; and the use of corporate risk matrix standards.
Risk is the risk aversion of subjects, as measured by the Holt and Laury risk aversion test.
Risk aversion decreases the divorce hazard for women in both cohorts.
Risk mitigation decisions for civil infrastructure exposed to rare natural and manmade hazards are often impacted by risk aversion, a behavioral phenomenon in which the decision maker's perception and judgment of risk are systematically distorted, resulting in decisions that might be viewed as excessively conservative when compared to those from a traditional minimum expected cost analysis.
ICLs have been shown to be theoretically optimal in terms of efficiency in the presence of risk aversion, adverse selection and moral hazard, and have attractive equity properties.
The findings indicate that there is incompatibility between the safety risk criteria and structural reliability criteria regarding risk aversion, that safety level provided by load bearing structures may be intolerable in comparison with the societal risk criteria as used informally for assessing risk to the general public in the vicinity of major hazards installation.
But there is little doubt that Germany's modern history has combined to produce a deep strain of risk aversion, of caution, and a dislike for surprises, all of which magnify the potential hazards of nuclear energy, producing a perception that is different from that of other major European economies like France or Britain, commentators said.
"Our 'competition' is risk aversion.
But the risk aversion is suffocating.
