Answer:
d. risk aversion
Explanation:
Nikos is making his decision based on risk aversion.
Risk aversion is the human behaviour to the situation, where he or she is exposed to the uncertain environment and human try hedge the uncertainity by choosing alternative, while choosing alternate he or she might avert risk of loss but at the same there is lost opportunity of higher return. This concept is mainly related to economics and finance industry.
People who like to do risk aversion are the one who prefer lower return at low or no risk, however, they could earn more return with unknown risk or higher risk factor.
