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Individual Risk Attitudes

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Dinah Young Project Manager / Software Asset Manager| Prince William County Springfield, Va, United States
As I am going through the different attitudes, Risk Averse, Risk Tolerant, Risk Neutral and Risk Seeking. Risk Averse = easy. Risk Seeking - not hard. But, I am struggling with keeping Risk Tolerant and Neutral straight. I sincerely think they were named wrong. Risk Tolerant means they take uncertainty in stride and have a laissez-faire approach. Risk Neutral sees risk taking as a price worth paying for future pay-offs.
The only way I can keep these straight right now is to tell myself to think opposite of what makes sense to me.
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Dinah Young Project Manager / Software Asset Manager| Prince William County Springfield, Va, United States
Feb 16, 2018 11:48 AM
Replying to Rami Kaibni
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Not sure I agree with you on this. This looks to me like a risk seeker. Are you sure of your answer ?

Risk neutral individuals will not pay extra to have the risk transferred to someone else, nor will they pay to engage in a risky endeavor. To them, money is money. They don’t pay for insurance, nor will they gamble.

I would chose D.
That was the answer in the answer key in the book.

As I said these terms are somewhat confusing.
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2 replies by Lavaughn Selvon and Rami Kaibni
Feb 16, 2018 11:57 AM
Rami Kaibni
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Yes, it seems so ...... If I was taking the exam, I would have chosen D - Glad we are discussing this here :-) We should do more research on this then ...
Feb 16, 2018 9:23 PM
Lavaughn Selvon
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Now I can relate to Dinah's confusion on the topic.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Feb 16, 2018 11:52 AM
Replying to Dinah Young
...
That was the answer in the answer key in the book.

As I said these terms are somewhat confusing.
Yes, it seems so ...... If I was taking the exam, I would have chosen D - Glad we are discussing this here :-) We should do more research on this then ...
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1 reply by Dinah Young
Feb 16, 2018 12:03 PM
Dinah Young
...
The first time through the exam I got all of these type of questions wrong which stressed me out because I thought I understood the different types. It did show me where to re-study.
I feel that when I bring troublesome topics to the group and we discuss it helps me remember them better.
Thank you everyone for your help.
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Dinah Young Project Manager / Software Asset Manager| Prince William County Springfield, Va, United States
Feb 16, 2018 11:57 AM
Replying to Rami Kaibni
...
Yes, it seems so ...... If I was taking the exam, I would have chosen D - Glad we are discussing this here :-) We should do more research on this then ...
The first time through the exam I got all of these type of questions wrong which stressed me out because I thought I understood the different types. It did show me where to re-study.
I feel that when I bring troublesome topics to the group and we discuss it helps me remember them better.
Thank you everyone for your help.
...
1 reply by Rami Kaibni
Feb 16, 2018 12:05 PM
Rami Kaibni
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Good Luck with your exam Dinah - I am sure you will do great :D
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Feb 16, 2018 12:03 PM
Replying to Dinah Young
...
The first time through the exam I got all of these type of questions wrong which stressed me out because I thought I understood the different types. It did show me where to re-study.
I feel that when I bring troublesome topics to the group and we discuss it helps me remember them better.
Thank you everyone for your help.
Good Luck with your exam Dinah - I am sure you will do great :D
avatar
Lavaughn Selvon PPM/Technical Asst - Maintenance & Engineering| Yara Trinidad Limited Point Lisas, Trinidad and Tobago
Feb 16, 2018 11:52 AM
Replying to Dinah Young
...
That was the answer in the answer key in the book.

As I said these terms are somewhat confusing.
Now I can relate to Dinah's confusion on the topic.
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