 Cautiousness (risk aversion) and risk-seeking (risk affinity) concern a person’s decisions and actions, rather than her beliefs. When making a choice between different action alternatives, a cautious (risk-averse) person tends to choose an alternative with as small probabilities as possible for the worst outcomes. She does so even if it prevents her from maximizing the expected utility of her choice. In contrast, a risk-seeking person looks for options with a high probability for the best outcomes, and she does this even at the expense of not maximizing the expected utility of her choice. (See also section 7.2.)