CRRA meaning in Business ?

Answer:

What is Constant Relative Risk Aversion mean?

In economics and finance, risk aversion is the tendency of people to prefer outcomes with low uncertainty to those outcomes with high uncertainty, even if the average outcome of the latter is equal to or higher in monetary value than the more certain outcome. Risk aversion explains the inclination to agree to a situation with a more predictable, but possibly lower payoff, rather than another situation with a highly unpredictable, but possibly higher payoff. For example, a risk-averse investor might choose to put their money into a bank account with a low but guaranteed interest rate, rather than into a stock that may have high expected returns, but also involves a chance of losing value.

reference

Full Form	Category
Catholic Research Resources Alliance	Academic & Science
Charlotte Regional Realtor Association	Business
Carolina Refugee Resettlement Agency	Business
Certified Recovery Residence Administrator	Business
Certified Rate of Return Analyst	Business
Constant Relative Risk Aversion	Business
California Resource Recovery Association	Community
Cutten Ridgewood Recreation Association	Community
Cowboys Regional Rodeo Association	Community
Californian Resource Recovery Association	Community
China Resources Recycling Association	Community
Community Risk and Resiliency Act	Community
Create Reason React App	General
Corporate Responsibility Reporting Awards	General
Criminal Records Review Act	Governmental
Connecticut Resources Recovery Authority	Governmental