☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Risk Aversion

The preference for a certain outcome over a gamble with the same expected value — risk-averse persons buy insurance, diversify investments, and prefer liability rules that reduce uncertainty.

Category: Legal Economics
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: