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This imprecision also makes it harder for you to hold yourself accountable. The broader you allow the target area to be, the less likely you are to search for information that will help get you to a more precise answer. The leeway lets you off the hook not just with other people but also with yourself. That’s why precision matters.
Higher produces a more highly curved, concave utility function, which implies a higher degree of risk‐aversion. An investor with = 0 is considered “risk‐neutral.” His utility function is a straight line, so that maximizing Expected Utility will be the same as maximizing expected wealth. An individual with less than zero would be risk‐seeking and has a convex utility curve that increases faster and faster with increasing wealth. We do not think it makes sense for investors with substantial wealth to be even close to risk‐neutral, let alone risk‐seeking.
The Missing Billionaires
Victor Haghani and James White
Agreeableness
This personality trait includes attributes such as trust, altruism, kindness, affection, and other prosocial behaviors.1 People who are high in agreeableness tend to be more cooperative while those low in this personality trait tend to be more competitive and sometimes even manipulative.
What Are the Big 5 Personality Traits?
verywellmind.com
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