Conservative decision-making is an approach that prioritizes caution and risk aversion. Individuals or organizations using this method tend to favor options that minimize potential losses rather than maximizing potential gains. This strategy often involves thorough analysis and consideration of past experiences to avoid mistakes. In practice, conservative decision-makers may rely on established guidelines and proven methods. They often seek consensus among stakeholders and prefer incremental changes over radical shifts. This approach is common in fields like finance, where professionals like investors and financial analysts assess risks carefully before committing resources.