They are overly pessimistic, always thinking of failure, and it would not hurt them to have more self confidence.
Given their circumstance, they are just as rational as the richest hedge fund manager.
Total votes: 30
Learning objectives:
Understanding risk aversion.
Understanding risks in poor societies.
Understanding the correlation between poverty and risk aversion.
Analyzing to what extent poverty may cause risk aversion.
Analyzing to what extent risk aversion may cause poverty.
Presentation videos: