Researchers have found that people are not always risk-averse and are willing to take risks if they perceive it is appropriate. However, most people will reject a fair gamble involving a large asset. While some people prefer risk, others avoid it due to a fear of loss and "decision regret" from obsessing over what could have been if a different choice was made. Experts suggest reducing risk-averse tendencies by gaining knowledge in areas like personal biases, statistical probabilities, expert opinions, and potential weaknesses to make better risk-reward decisions. Reframing choices in new ways and sticking to areas of expertise can also improve decision making.