Yet people preferred risk when the alternative was a certain loss, even if taking the risk implied the chance of an even greater loss.
The study evaluates mental health, perceived risk of developing cancer, preferred risk management options, and motivation for genetic testing.
Research showed that for the presentation of breast cancer risks, women preferred risk information framed over multiple time horizons (10-year-, 20-year and lifetime horizons) to risk information framed at one time point [ 31].
Such views are consistent with previous reports of research participants preferring risk messages that empower with information about actions that could reduce risk and/or mitigate consequences [ 4, 5, 12].
Respondents preferred risk estimates framed in absolute rather than relative terms for both graphical and textual displays (Table 3c); this finding was consistent across racial, income, and educational sub-groups.
Mrs. Laxmi preferred risking her savings at a private hospital to going to a public hospital where she could have received free treatment.
For investors who prefer less risk, Lehman recommends preferred shares from companies such as General Motors and The Walt Disney Co., yielding 7.38% and 6.85%, respectively.
And yet, even if there weren't a 22nd Amendment, we would shy away from that; we prefer the risk of an unproven president to the risk of stasis and aristocracy.
Individuals may be risk-averse (preferring lower risk options when comparing options with identical expected value (EV)), risk-neutral, or risk-seeking (preferring higher to lower risk options).
Exposure is preferred to risk, since risk is a function of the hazard and the exposure to that hazard.
