Risk aversion

{
  "id": "MLC-T-CHM-010375",
  "term": "Risk aversion",
  "field": "Chemistry",
  "definition": "A behavioral tendency to prefer a certain outcome with a lower, but guaranteed, benefit over an uncertain outcome with a potentially higher benefit but also a greater risk of loss. In toxicology, this concept influences public and regulatory responses to perceived chemical hazards. It can lead to stricter regulations even for low-probability risks.",
  "subject": "Chemistry and Human Health",
  "references": [
    "PAC, 2007, 79, 1153. 'Glossary of terms used in toxicology, 2nd edition (IUPAC Recommendations 2007)' on page 1303 (https://doi.org/10.1351/pac200779071153)"
  ],
  "url": "https://mlchart.com/terminology/chemistry/risk-aversion/"
}