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In these instances, people take further risk in an attempt to avoid further problems. This is even more likely when subjects view current issues as having unstable reasoning rather than stable reasoning, or when the individual is unwilling to admit mistakes. [4] They then believe the situation will stabilize or turn around.
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 ...
Diffusion of responsibility [1] is a sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when other bystanders or witnesses are present. Considered a form of attribution, the individual assumes that others either are responsible for taking action or have already done so. [2]
In the past, we found clever ways to build avoidance of risk into the lives of persons living with disabilities. Now we must work equally hard to help find the proper amount of risk these people have the right to take. We have learned that there can be healthy development in risk taking and there can be crippling indignity in safety! [8]
Therefore, people are more aware of environmental issues, such as global warming or climate change and it is often reported that many people have a high concern for environmental issues. For example, Dunlap (2002) used survey data which states that 54% of Americans agreed environmental protection was a key priority, even if economic growth was ...
The Huffington Post and YouGov asked 124 women why they choose to be childfree. Their motivations ranged from preferring their current lifestyles (64 percent) to prioritizing their careers (9 percent) — a.k.a. fairly universal things that have motivated men not to have children for centuries.
It is not uncommon to feel hesitancy when thinking about discussing finances amongst family members. Key findings in a GOBankingRates survey on financial literacy reveal that more than 1 in 4...
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