S E47: Making Decisions in an Uncertain World
Think Like An Economist
00:00
Risk and Uncertainty
The point here is that when there's enough of a reward, you are willing to take the risk. If for heads you pay me a hundred thousand dollars, you're either a great negotiator or really risk averse. Everyone's going to answer this question differently, because it's going to depend on their level of risk oversion. The only one who knows whether this is a risk that makes sense for you is you.
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