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People's risk aversion changes throughout their lives. Young people, in general, tend to be much less risk averse than older people. This makes sense, since you
by chongli 4y ago
People's risk aversion changes throughout their lives. Young people, in general, tend to be much less risk averse than older people. This makes sense, since young people have not accumulated as much property and so have a lot less to lose.
- guerrilla 4y agoThat's what I said. Risk aversion can (and often does) change. Some preferences don't (and can't) though.