What Are the Differences Between an Aggressive Strategy and a Conservative

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The Answer is An aggressive decision maker might seek the option that holds the promise of minimizing the potential loss. For a minimization objective, this strategy is also often called a minimin strategy, that is, the decision that minimizes the minimum payoff is chosen. Aggressive decision makers are often called speculators, particularly in financial arenas because they
increase their exposure to risk in hopes of increasing their return. A conservative decision maker, on the other hand, might take a more pessimistic attitude. Such a strategy is also known as a minimax strategy because we seek the decision that corresponds to the minimum value of the largest cost. Conservative decision makers are often called risk averse and are willing to forgo potential returns in order to reduce their exposure to risk.

What Are the Differences Between an Aggressive Strategy and a Conservative

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What Are the Differences Between an Aggressive Strategy and a Conservative

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