Choosing which risks to bear (self-insure), which risks to prevent or avoid, and which risks to take in order to maximize the expected outcome in terms of personal untility or satisfaction.
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Choosing which risks to bear (self-insure), which risks to prevent or avoid, and which risks to take in order to maximize the expected outcome in terms of personal untility or satisfaction.
During period of financial crisis, correlations tend to increase, which reduces the benefits of diversification.
情绪进化而来是为了鼓励我们做对自己有利的事情，不管我们是否想到了这件事。