Risk Attitudes and Biases
Psychological factors affecting risk perception.
This topic explores how individual and group attitudes, heuristics, and biases influence risk identification, analysis, and decision-making.
5 minutes
5 Questions
Concepts covered: Anchoring Bias in Risk Assessment, Risk Appetite, Confirmation Bias in Risk Assessment, Risk Tolerance, Risk Aversion, Overconfidence Bias in Risk Assessment, Optimism Bias, Loss Aversion, Optimism Bias in Risk Estimation, Sunk Cost Fallacy, Anchoring Bias in Risk Assessment, Availability Heuristic in Risk Assessment
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