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Direct risk aversion may explain why, as people demonstrate their literal distaste for any and all levels of uncertainty. By paying a premium (often higher than the cost of replacement) for the possibility that insurance may come in handy, people display direct risk aversion by valuing a risky prospect below the value of its worst possible ...
The risk of adverse social experiences is high for those with autism, and so they may prefer to be avoidant in social situations rather than experience anxiety over social performance. Social deficits in people with autism is directly correlated with the increased prevalence of social anxiety in this community. [ 45 ]
Whereas preventive strategies reduce the probability of the risk occurring, mitigation strategies reduce the potential impact if the risk were to occur. Risk mitigation can take several forms: Portfolio diversification to reduce the variability of income by relying on a variety of assets that are not correlated strongly enough to have the same ...
Social impact theory considers the extent to which individuals can be viewed as either sources or targets of social influence. When individuals work collectively, the demands of an outside source of social influence (e.g., an experimenter or one's boss) are diffused across multiple targets (i.e., diffusion of responsibility across all of the ...
Risk compensation, or the Peltzman effect, occurs after implementation of safety measures intended to reduce injury or death (e.g. bike helmets, seatbelts, etc.). People may feel safer than they really are and take additional risks which they would not have taken without the safety measures in place.
An oversupply can smother people emotionally, squeeze the life out of their hopes and expectations, and strip them of their dignity. Overprotection can keep people from becoming all they could become. Many of our best achievements came the hard way: We took risks, fell flat, suffered, picked ourselves up, and tried again.
Social Impact Theory was created by Bibb Latané in 1981 and consists of four basic rules which consider how individuals can be "sources or targets of social influence". [1] Social impact is the result of social forces, including the strength of the source of impact, the immediacy of the event, and the number of sources exerting the impact. [ 2 ]
Researchers have noted that social vulnerability may be shaped by communication-related factors. People may become more vulnerable if they have trouble accessing, processing, or reacting upon information about risks and hazards. [15] The impact of social vulnerability in disasters has been investigated focusing on wildfires.