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Business Executives and Choice of Risk
* Example
- Study of 464 executives found that:
* The persons who liked risky situations did so when the losses were involved.
* When risks involved gains same, executives opted for less unsafe situations.
* The executives made efforts to reduce or eliminate risk by delaying decisions and gathering more information.
How have economists traditionally defined "economic growth," and how is that different from "living standards growth"? Economists have traditionally explained economic growth
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