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chongli
on June 1, 2022
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John Rawls and the “Veil of Ignorance” (2020)
People's risk aversion changes throughout their lives. Young people, in general, tend to be much less risk averse than older people. This makes sense, since young people have not accumulated as much property and so have a lot less to lose.
guerrilla
on June 1, 2022
[–]
That's what I said. Risk aversion can (and often does) change. Some preferences don't (and can't) though.
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