Why do economists say that people tend to be risk-averse?

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section19.2: Managing Risk
Problem 2QQ
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Why do economists say that people tend to be risk-averse?

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