Risk
What is Risk Analysis and Risk Management?
Understanding the essential steps of Risk Analysis and knowing how to apply them in Risk Management can be a make-it-or-break for a company. Read in this blog post more about how each of them works and how they complement each other.
A Quick Read on Prospect Theory and Loss Aversion
For a consumer, economic decisions are based on certain types of behavior. Prospect Theory or the loss-aversion theory in behavioral economics and behavioral finance, aims to determine people’s decision making and their tendency for loss aversion.