There are some risks we choose to take because the benefits from taking them exceed the possible COSTS. Optimal behavior takes risks that are WORTHWHILE. This is the central paradigm of FINANCE: we must take risks to achieve rewards, but not all risks are equally REWARDED.

Author - Robert F. Engle


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Posted on 30 Nov 2024, this text provides information on Environmental related to Robert F. Engle. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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