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Ma, WJ; Oh, C; Liu, Y; Dentcheva, D; Zavlanos, MM, Risk-averse access point selection in wireless communication networks, Ieee Transactions on Control of Network Systems, vol 6 no. 1 (2019), pp. 24-36 [abs1109/TCNS.2018.2792309] [abs].
In other words, stochastic evolutionary selection is itself risk-averse.
We consider the possibility that a risk-averse principal extracts full surplus in agency problems with adverse selection.
Here we show, using a stochastic simulation of selection between two hypothetical species, "R" (risk-seeking) and "A" (risk-averse) that, when expected reproductive fitness of the individual is unaffected by the making of the risky choice (winnings balanced by losses) natural selection (taken to the point of extinction) favors the risk-averse species.
"They were risk-averse".
"People become risk-averse, politically risk-averse.
People were incredibly risk-averse".
They're more risk-averse.
"Companies are becoming risk-averse.
Maybe a little risk-averse.
Risk-averse culture begone.
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CEO of Professional Science Editing for Scientists @ prosciediting.com