Navigating Uncertainty: Risk-Averse vs. Risk-Prone Strategies in Populations Facing Demographic and Environmental Stochasticity

Rubén Calvo Ibáñez, Miguel Ángel Muñoz, Tobias Galla

Strategies aimed at reducing the negative effects of long-term uncertainty and risk are common in biology, game theory, and finance, even if they entail a cost in terms of mean ben…