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. 2023 May 23;13(6):437. doi: 10.3390/bs13060437

Table 1.

The four attitudes towards risk [85].

Coding Domain Type of Probability
Low Probabilities Medium and High Probabilities
Gains Risk seeking
(e.g., preference for a bet with a 1% chance of winning USD 5000 over a sure gain of USD 5)
Risk aversion
(e.g., preference for a sure gain of USD 500 over a bet with a 50% chance of winning USD 1000)
Losses Risk aversion
(e.g., preference for a sure loss of USD 5 over a bet with a 1% chance of losing USD 5000)
Risk seeking
(e.g., preference for a bet with a 50% chance of losing USD 1000 over a sure loss of USD 500)