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Hello Scholars! In this thread, we will discuss Risk Tolerance and its pitfalls. We will explore individual risk attitudes and analyze their effect on decision

Hello Scholars!

In this thread, we will discuss Risk Tolerance and its pitfalls. We will explore individual risk attitudes and analyze their effect on decision making. The concept of desirability curves will be introduced and discussed, regarding how they can be utilized to evaluate tradeoffs.

Why is it important to understand one's risk tolerance? Explain.

Dr. Daniels

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