Question: What is the relationship between risk perception and decision - making? Question 6 Answer a . Risk perception has no impact on decision - making.

What is the relationship between risk perception and decision-making?
Question 6Answer
a.
Risk perception has no impact on decision-making.
b.
People's perception of risk can influence their choices, leading to either risk aversion or risk-seeking behaviour.
c.
People's perception of risk is always consistent with their actual risk appetite.
d.
Risk perception is irrelevant to decision-making in business contexts.

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