Economics
Would you choose £50,000 over the chance of £1m?
The vast majority of people - particularly women - answer a survey saying they'd take the certainty over chance.
Imagine being presented with a choice: an immediate sum of £50,000, or a coin toss offering a 50/50 shot at £1 million. Which option would
gender differencesrisk aversionfinancial decisionssurvey resultspsychology of moneyage differencesinvestment choicesloss aversion