= 27d567bc2d48d9f40e9ccc20ea370b15)
DanielLC comments on What are the most common and important trade-offs that decision makers face? - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (30)
Come to think of it, "Risk vs Reward" is oddly-worded. It's both vs neither. If you had to choose between the two, you'd pick reward every time.
That's because there ain't no such thing :-) there is no "vs" there.
People usually talk about risk/reward ratios. The trade-off is between a larger reward with more uncertainty and a lower reward with less uncertainty. Your preferences in this trade-off are often described as risk aversion.