① Objectivity of investment risk and subjectivity of risk. Investment risk is caused by uncertain factors, such as changes in government economic policies, changes in market supply and demand, and price fluctuations of various financial investment products. It doesn't depend on the wishes of specific investors. Although most investors hate risk, the risk still exists objectively, and investors can't eliminate it, so they can only take various measures to avoid it. In practice, investors often have to pay a lot of cost to manage risks, which is often to give up some profit opportunities.
However, taking risks is entirely subjective. For example, vicious speculation in the Shanghai treasury bond futures market is a choice made by people for their own actions, which is highly subjective. The result of risk-taking behavior is negative, and if people don't take risks, bad results can be completely avoided. That is, the existence of this negativity is closely related to people's risk-taking behavior.
② Adventurers passively take risks, while adventurers actively choose to take risks. Risk-takers at risk, such as most investors in the stock market, know that price fluctuations may bring losses to their investments. As investors, they can choose stocks with higher profits and better quality, and adopt the method of portfolio to manage risks. Risk-taking behavior is that individuals are clearly aware of the existence of danger, the seriousness of consequences and the possibility of adverse consequences, or actively intervene in risks. Therefore, the initiative and selectivity of risk-taking behavior is obvious. Although investors have been aware of the existence of investment risks before entering the investment market, investors often choose projects with higher returns and lower risks for investment management according to their personal assessment and judgment on the size of risks, which is very different from adventurers. Sometimes, the investment market will have a catastrophic mutation, which will make investors suffer heavy losses. For investors, at least not aware of the possibility of this mutation, investors are generally risk-averse. Adventurers like adventure, at least they are not afraid of it.
(3) the regularity of risks and the contingency of taking risks. The risks faced by investors are objective and frequent. This is not only because the risk cannot be eliminated, but also because the investment market itself is in motion and constantly changing. This kind of movement and change will sometimes bring good results to investors and sometimes bring losses to investors. Adventurers take the initiative to intervene in risky decisions and behaviors when the risk is high, so adventure behavior is a special behavior taken at a specific time and under specific conditions, and it is an accidental behavior, which is relatively rare in frequency. It is precisely because of the objective existence of risks that investors often encounter that investors may take various measures to control or manage risks in order to reduce the frequency and intensity of risks. Adventure behavior is an abnormal accidental behavior, and adventurers will try their best to control or avoid the occurrence of bad results. In practice, adventurers often lack sufficient means and experience, which greatly enhances the possibility of bad results.