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Hi, I have it in my head that minimax regret is a risk averse choice.
But cant find this in my notes/study texts etc
I googled it and found a Kaplan site that said it is for risk neutral. But ChatGPT says risk averse.
In your video at 11:10 you say its for risk avoider.Is the Kaplan site wrong?
Thanks
Assuming that you have quoted correctly then Kaplan is wrong. Risk averse means exactly the same as risk avoiding.
Our lectures are correct (and are a complete free course for Paper PM covering everything needed to be able to pass the exam well).
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