Question

Agree or Disagree and Why?

Question: Are decision makers risk takers or risk avoiders?

Answer: Decision makers are put in different situations that will give them the opportunity to be both. They would be a risk taker if the probability of the situations will be in their favor. Whether the situation allows profit or potential loss, it is always important to manage the risk. Risk avoiders would try to eliminate the exposure to losses at any cost. Some might see risk as the way to gain more out of a decision, but avoiding risk could give you the same outcome. Of course depending on the situation. Just like most decisions, it is important to have background knowledge, to understand the policies/procedures, and to make a educated decision.

Answer 1

I completely agree with the discussion in the paragraph.

The decision maker is a person who takes decisions based on the merit ,considers all factors and evaluates his decisions based on that before finalizing one. Judging a decision based on the result of that decision is also incorrect since there is always uncertainty enclosed in certain unforeseen and unfortunate events that you can not account for.

A decision maker is the person that acts on the merits of the decision, situation and the consequences tied to that event. There is no perfect definition of a decision maker in regards to his reaction to risks since the risks do not paint a complete picture. Decision makes are people who react to opportunities, someties to risky ones ,while other times gravitating towards the ones with less risk factor.

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