Why is it desirable to construct capital budgeting rules so that higher-risk projects become less acceptable than

Question:

Why is it desirable to construct rules so that higher-risk projects become less acceptable than lower-risk projects?

Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...