Director, WHITEandBLACKandRED

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Risks are important. But how do you decide which ones are worth taking and when to be more calculative.

Risks are at the end just that... risks.. with a substancial probability of failure. Mostly everyone likes to believe they take risks in their own lives.. but we all have a degree of what we consider risks.. 'calculative risks' and a degree of intuition. Like i could take risks in careers and lifestyles, but not physical risks.
What process do you use to figure when to follow your heart and when to follow your brain and how to balance the two..

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    Apr 21 2011: always better to have a backup plan while going for a risk.. if it floaps u gotta move on with the backup plan. and while choosing to wether risk sumthing or not...balance its payoff's with that whot u will hav if u wont go for that risk.
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    Apr 18 2011: i just wanted to say that, there is a little element of risk in every dicesions or steps you take. if not no one would had any problems and life would be as we wanted it to be. but u call it a risk only when you have 2 or more options thats totaly different from each other and that lands u in totally different positions.. but at times when we think that we have a risk free option, its just that we are not aware of the risk involved in it. so its better that...when you think that its a time to take a risk just go for it as if its the only way and put ur 100% in it.
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    Apr 24 2011: the heart doesn't measure risk..it just says I can do this..I will do this...and somehow it does.
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    Apr 19 2011: If we don't try, the light won't hit our eyes. Life is made of sugar, it could be easily crumbled, but don't be afraid to stick out the tongue and have a taste. Good decision will bring good memories,bad decision will bring good lessons. No matter what decision we make, we only need some courage to take the result.
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    Apr 15 2011: Alan Webber (co-founder of Fast Company) describes it as a mathematical formula: If the cost of the status quo is greater than the risk of change, then change happens. Seth Godin repackages it this way in his book Poke The Box: When the cost of poking the box (taking a risk) is less than the cost of doing nothing, then you should poke.

    Framing the choice like this can reduce it down to a simple matter of costs and benefits. For some people this may reveal the path.

    Carlos Castaneda offers another take on it. He advises you ask the question of yourself: Does this path have a heart?

    So if both approaches point to the same action, then it's almost certain that it is right for you.
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    Apr 12 2011: Always an adrenaline junkie, for me the risks were always too high, the payoff too low, unless you factor in the thrills - those highs that you can only achieve taking risks. Some people get cheap thrills but mine were never cheap, always pricey - if you value your skin. If the end result is thrills, cost-benefit ratios never work. Which risks are too risky? I dunno. After a time, I think you trust your gut.
  • Apr 7 2011: Imagine driving down a highway in dark and suddenly some animal appears out of nowhere and you swerve and luckily avoid the collision. You thank heavens and move on. If you had spent thinking about possibilities and probabilities you might not even be driving. So it is better to rely on instincts and let your will guide your actions. Rationality at best gives you words and phrases for an intelligent conversation, but might not equip you to really appreciate the essence of the whole.
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      Apr 17 2011: "Imagine driving down a highway in dark and suddenly some animal appears out of nowhere and you swerve and luckily avoid the collision."

      I know it's a gut reaction, but....most Police and EMTs will tell you that you need to NOT swerve, but drive right over the animal....statistically, you will end up with far less damage to your car and you and any passengers.
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      Apr 19 2011: Vijay that is an interesting thought. A prior knowledge impact your reactions in circumstances like you have just mentioned. Many reactions are behaviors that can be modified. A police man or EMT is likely to have trained in a similar scenario and would have a very different initial reactions from the training.
      • Apr 24 2011: I agree that initial training (or if you allow me the liberty, conditioning) affects the way we behave. However the point I'm trying to make here is that whether to indulge in something (driving on highway is an illustration, but the example can be applied to anything else in life - should I now accept this new job offer, should I talk to this strange looking man or not etc) is not necessarily a matter of rationality. It is a matter of what your instincts tell you to do. But once you are indulged your reactions depend on your conditioning (cultural, educational, your own self beliefs etc.) This book "Blink" (http://www.gladwell.com/blink/index.html) by Malcom Gladwell is another example of what I'm trying to say. In fact as per him our instincts are product of our collective experience that is not necessarily in our conscious mind. We do not necessarily make optimal decisions by thinking through, which is what I also think!
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    Apr 30 2011: Taking risks has to do with the flavour of a persons approach to life. If a risk is defined as a choice that implies an unknowing outcome, then one could view every single choice we make as a risk, once we realize that control really only a figment of our imagination. We might feel like we're in control on a good day, but probably we only think this to keep ourselves sane :)
    The risk taker acknowledges our frailty and is free to be outrageous within it.
  • Apr 28 2011: Chip and Dan Heath perhaps capture this in Switch with the analogy of the elephant and driver as emotional and rational. The gut feeling is usually the elephant not wanting to change and being very difficult to move. As Lindsay says 'our sense of security arises from feelings not facts'. So its very difficult to motivate the elephant to change, even when it may be the right thing to do. You need to feel energized hopeful and creative to motivate the elephant. You need to understand how the heart and the mind interact.
    Peter
    activesafety.org
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    Apr 27 2011: I just saw Bruce's talk on secuirity which is very germane to this discussion. Well worth seeing. He basically says that our sense of security ( which we could say is perceived risk) arises from feelings not fact and that we build models of reality that include our feelings, our observations, what we hear and see but that basically we are very resistent to updating our model or allowing any new information that contradicts our model to have any effect. In application to this discussion on personal risk..that most of us are alined with what we perceive as risk and maybe not fully connected with what is at risk in our lives. ( I will add the link via edit)
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    Apr 19 2011: First, it all depends on what you are risking.
    Second, is the risk involved an admired and valued result?
    Lastly, you need to ask yourself why you would consider the action a risk to begin with.

    Intuition is a invaluable tool, especially when pertaining to physical risks.

    No risk, no reward. Apathy is often the death of decision.
  • Apr 19 2011: Gut feelings. It wouldn't be a risk if you figured out the calculations will work out to your advantage, now would it. So what if the calculations didn't work? What do you rely on -- your guts, thats truly taking a risk isn't it. So the real deciding factor is are you able to live with the consequence if it didn't turn out (will you be ok with knowing you'll get hurt/humiliated/lose something, at the same time, be ok with Learning from your mistake - which really is still gaining if you chose to look at it that way). Or will you be able to live with the consequence of not having the gain by avoiding the risk. I'm trying to live by the philosophy that I only have one life to live, and I already know what's gonna happen at the end. I like to believe I'd rather risk failing than regret not trying.
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    Apr 12 2011: Risk or not, do the right thing.. not knowing whats the right thing to do is definitely a risk. Depends on what you perceive is AT risk.
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    Jun 11 2011: I would at least say this...

    Imagine a car seat belt.. or a bike helmet strap.

    In order to change its length around you, you need to push one side and pull the other until firm.

    When to take a risk, is psychologically similar... lets call it a .. 1............25............50............75..........100 scale..

    And we say, the two factors are input and output... then it would be the level that they meet in the center,

    I could make a decision based on input being at 25.. and output in at 75... All in all, if both start out the outer, each person has their x and y axis...Something amazing!
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    Jun 5 2011: Sometimes you have to make a decision whether or not you know the outcome. In my experience, I feel out what is right through practice. Over time I have learned that even a "failed" risk was just what needed to happen in order for me to move to the next task. So, I believe with the proper idea in place all risks become desirable. "Good" and "bad". I just need to decide on how I am going to accept these risks before I engage in a risky situation.
  • Jun 4 2011: I've to say "Trust your heart but evaluate it with your head" & take only calculative risks. :)
  • Jun 2 2011: Residual risk after controls are enacted is that which you are prepared to have occur, obviously corporate and financial risk is one thing and emotional risk is another, however our brain works out the quantum of risk and weighs it against the sacrifice necesssary to avert the risk the same way for both of these.
    Also the Darwin awards are full of people who perhaps neglected to weigh up the risk vs reward and just got too emotionally attached to the reward outcome, we are seeing more and more of this with the break down of the family structure and other things becoming more important to people than friends and family members health and safety such as this planking act/idea.
    There is another side to this which encompasses absolutely everything and that is;
    If you image your life as a timeline presented before you, perhaps its about 80 years long, and it includes all of the big events and small events of your life and experiences, growing up, first love, friends, partners, family, your kids, all of it, we take calculated risks each day and its the outcome or rewards of these calculated risks which enable us to continue life, without the risk there is only monotonous living.
    If you asked any decent teenage boy to conduct a risk assessment on asking a girl out for the very first time, the risks would be virtually unacceptable for him, but thats just as he see's it, ask him when he has been successful several times to conduct the same risk assessment, and its completely different, all of the risks are very acceptable.
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    May 31 2011: Any action we take in life is usually more successful if the heart and mind are working together toward our goal. I listen to, and follow the heart/intuition and use the logical mind to gather as much information as possible, which gives me a good realistic foundation for building on what the heart is seeking. I don't think about the possibility of failure, because I believe that every experience is an opportunity to learn, so however the adventure unfolds, there is a valuable lesson to be learned and I'm open to the possibilities with acceptance and curiosity. Going into a risk, I know I've done my homework, have information gathered with the logical mind that supports the risk, and am clear with the information coming from the heart/intuition. That, to me, is balance, and a necessary part of every risk I've taken in my life:>)
  • May 31 2011: The decision to take a risk involves the basic opportunity cost involved in every choice: i.e the gain and loss chart for each of the options. I would definitely say that the future of a decision lies in the regret factor associated if we take/dont take the risk. The important thing is evaluating the regret associated, not the risk. If we realize that the regret associated is not a trade-off for abstaining from the risk, we should take the risk. Studying what I gain or what I lose is an approach to pacify the brain, not the heart. Reason is not something that goes along with the heart. For the heart we need to evaluate our feeling towards a decision, hence we approach the regret associated with a decision. If we see that the regret we experience if we take a risk(if the risk turns out fruitful) is at a higher degree than the happiness associated if we dont take the risk (the risk is not fruitful), we should take the risk and vice-versa.
  • May 31 2011: If it involves fun I take the risk, if its involves money, I pass
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    May 30 2011: I always ask myself the question:

    What will I regret more? Taking the risk but losing in the end, or never knowing what might be if I take the risk?

    The answer is mostly the former and hence I end up taking risks. It does not always work, but it's worth it. Every failure has a lesson. Where would I draw the line? When the risk is untimely death, or harming someone else.
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      May 31 2011: Hi Prachi,

      Very good question to ask itself.
      I think a person who live a full and beautiful life answer "i take the risk" the most part of the time.

      You can't be happy or evolve without taking risks
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    May 27 2011: Hi Gordon
    I like the thrust of what you're saying, but to be pedantic, i think you've reversed the literal meaning of Risks and Uncertainty.
    It's true that we all meander through our everyday lives with habitual behaviour, but that unthinking routine is unthought abut, and unqualified, ie: it has a lot of uncertainties in it. We don't know WHAT will happen or WHAT question to even ask, or how BIG the event will be. That's an "Uncertainty"
    A "Risk" is when we know WHAT the question is, ie: will is rain today, which horse will win the race, but not the MAGNITUDE or DIRECTION of the event.
    So, a Risk is a good thing. It's calibrated and it's conscious. Dealing with Uncertainty is difficult. You could say, that it enhances your life to change Uncertainty into Risk, and encourage yourself to take Risks because they are known and calibrated. Agree with Gordon's ideas here, that don't sleepwalk through life, but a conscious life is about trying to parse Uncertainty from Risk, and focusing on taking measured Risk.
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    May 26 2011: I believe that risks are a measure of probability an individual ascribes to a decision; which is not a habit for them. Individuals make many decisions every day which are grounded in routine, or habit. These have no risk to the individual.

    Uncertainties are something we can measure, in my view. People are challenged by them because usually they do not understand how broad the uncertainties can actually be. But risks, in my view translate to probabilities of occurrence. So therefore I believe uncertainty and probabilities are distinctly different. Resource industries (e.g., mining) generally prove this out.

    I do understand when many here use the term gut feeling or intuition, and I ascribe that to each individual being able to process their life experiences and knowledge very quickly. The mind does enter into this!. A few here have mentioned similar comments.

    In general, I think that people who “take a risk” (meaning there is a chance that a positive outcome may not occur) do not regret the outcome, whether up or down. The value of the positive outcome outweighs the chance that the negative outcome will occur. And people who are forward thinking will be like Ecaterina Sanalatii here, they learn from the negative outcomes!

    I like Lindsay Bowker’s comments on “thinking” (my take on her words). People do not like change, and so it is difficult for them to want to accept new information that may cause then to have to change their paradigm! However, I acknowledge that everyone’s perception is their reality!

    I must say that disagree with those who use the term “Risk Management”. There is no such thing. There are probabilities of outcomes, and the decision one makes based on their understanding of those probabilities decides whether the value of the positive outcome is worth the probability that a negative outcome may occur. One cannot manage risk, the probabilities are what they are!

    Very interesting topic!
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    May 25 2011: A Risk is worth taking, because it's calibrated. For example: Betting on a horse race, the odds are "fair" in that the market has cleared with odds that calibrate your Risk and return, so it's a risk worth taking.
    An Uncertainty is a bigger problem... because you don't know what you don't know.
    Risk is a good thing, and the more (calibrated) Risk we have in our lives the better. We should seek out Risk.
    Uncertainty is a really bad thing, and we need to convert Uncertainty into Risk.
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    May 24 2011: In answer to the second part of your question with regards to dealing with failure -

    I think of my failures as a gift - by learning from failure, one can improve what one does and transcend current failure into future success.
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    May 18 2011: Though in many ocassion decisions are qualitative and difficult to quanify the risk involved even it's not impossible.
    One can think of different options of decision than rate them on scale of 1 to 10 (low to high or vice versa) than put rating (on the basis of experience, trend or even gut feel etc) to each option to find out one which one has got lowest risk involved.
  • May 17 2011: unless we take risks, learning is at stake.he who risk nothing gains nothing.if we relate risk taking to learning in general,
    those who venture accumulate more learning than those who don't.take the example of an immigrant child who is urged to learn a second language, this little kid is more likely to pick up the language than an adult whose ego is a filter that hampers language learning.
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    May 5 2011: Depends on the individual honestly I believe. If you are the type that likes to carefully plan out his actions, then the risk is taken if the pros outweigh the cons. If you are a person who is naturally confident in your actions, then the risks might not seem to be anything more than a decision; although to someone who isn't as confident, it could mean that fraction of a chance to speak his/her voice and so a lot more might be riding on the decision which turns into a risk. I guess what I'm trying to say is that maybe some things that you see as a risk might not really be risks to others. I am saying this because you said it's not physical risks you are talking about so physical danger is out of play.
  • May 4 2011: Thank you all for your wonderful replies. The consensus here seems to be about following your heart/gut feeling/mind and even some suggesting about calculated/measured risks. I don't think anybody could argue with that.

    i have realized that what one calls risk is a very personal definition. Its the idea of stepping outside your own comfort zone. And we all, hopefully do this in our own little and big ways. The bigger the risk, the more one tends to lose in the bargain. While we all like to celebrate the vistories after the risk, we must also acknowledge the courage it takes to fail.

    Taking this further.. how do you guys deal with the failures of these risks? Yes i know its all about growth, but sure there is always some remorse too right? or maybe not.. would love to hears some personal experiences of yours..

    Thanks again for a stimulating conversation..
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      May 17 2011: I cycle at night. Recently I've been doing a lot of hands-free cycling. I don't wear a helmet or any other form of protection. I know that each time I take my hands off the handlebars I take a risk. I even do it when cycling downslope. I can't reach for my brakes in time if anything happens. But it just feels so great doing it. Last night I fell off my bike at the start of a downslope descent. I only got some minor abrasions as my bicycle hadn't picked up speed yet. If I had fallen just two seconds later after accelerating I might have fractured a bone or something. Statistically, if I were to continue cycling dangerously week after week, I'm likely to end up in a bad accident sooner or later.

      I've been thinking of backpacking alone to countries like Thailand and even Brazil. Is it safe? I'm not sure. But the lure of adventure is difficult to resist.
  • May 3 2011: For me the problem in risk - taking is, that we sometimes tend to take risk -believing- that we just want to solve problems. In fact causes for this risk - taking could be non - known by the decider:
    - as a former risk-calucator in the health - insurance I could daily see how young men take more risks in driving than young women. But did they not both want to reach a place in time?
    - you can observe in many places, that risk - taking in order "not to loose pride" seens a often times done between fighting young man.
    - flying to other countries to bomb "enemies" could be another risk taken.
    But what are the real individual, political reasons to take risks?
    Very often - afterwords - we find that "only this time" risk-taking was not a good decision .... :-)
  • Apr 28 2011: Mhh I guess it depends the situation. It's always good to do a good thinking before any action I guess. But sometimes, you deeply know that you should take a risk but you're afraid of it, and you overthink, trying to find excuses not to do it. In that case, I'd say do it.

    On the other hand, sometimes, you don't really control yourself anymore, panick attack? Euphoria? Anger? Pride? and you take big risks without really giving a good thought. That's the moment you should start to think it's not such a good idea.

    Anyway, I think it's also important to be reminded that we are rarely alone. Our choices can have consequences for others as well. (Family, friends especially) If you want to take some big risks, I think it's wise to share and talk, at least with the people who will also be directly involved by the risks you want to take.
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    Apr 27 2011: A risk is only worth taking if it means something to you. It doesn't matter if you are more of the calculated type or the impulsive personality. We know that risk are worth it, because we feel they will make things better for ourselves or for someone else. When you believe something is that good, then the negative consequences don't hold any value.

    Basically our decision comes down to personal beliefs is what is good. That decides most risk that we take and how we look back on them after the consequences have already surfaced.
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    Apr 26 2011: It is called Risk Management and there is extensive literature on this issue in various domains of human knowledge.
    Biological systems are also a subject of risk related studies ( for example the Fight-Flight behaviour).
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      May 1 2011: Well, chiming in as a Risk Manager, I would say that what we are speaking of here, personal risk management, is very different from the field of Risk Mangement which is concerned mainly with property & casualty lossses, most of which is insurable.The kind of risk management we are speaking of here, I think is not about property and casualty losses..it's about personal risk..isn't it? How we balance head and heart in making decisions that affect our lives or the lives of others. ..and what makes us take extraordinary risks? What do you think of the apparent consensus here that most people "just know" what is worth doing?
      • May 17 2011: Not all risks are insurable, not all risk management is about property and casualty losses. Insurance is only one example of risk containment (Transferance, you transfer the risk to someone else) and is only applicable to to certain types of risk. I tend to deal with a lot of projects that have a lot of uninsurable risks such as reputation and 2nd to market type.

        I tend to apply the same principles (although possibly not a rigourously) in my personal life as I do in my professional life. How likely is this risk to occur? How big an impact will it have if it does occur? What can I do to prevent it occuring or at least reduce the probability? If it does occur what can I do to reduce/mitigate the impact? What is the impact of not doing the thing that leads to the risk sop avoid the risk entirely?

        For example crossing the road means risking being run and and injured or killed (high impact) and in a city that is quite likely. Most of the time I cannot avoid the need to cross the road (I have to go to work, go to the shops &c else I'll be unemployed and starve) so I must take the risk (cannot avoid). I could walk around in a helmet and body armour to protect me from an impact and cushion any blows or falls but that would be expensive and may lead to mockery. I could look both ways when I cross the road, use designated pedestrian crossings in the way they are designed to be used and cross in places where I have a clear view of the road and drivers have a clear view of me so we can avoid each other. This reduces the risk of crossing the road to an acceptable level.

        Another example, snow boarding is a sport that carries with it the risk of being injured or dieing by hitting a rock at great speed. The probability if this is very high and research has shown that whilst body armour will reduce the severity of the impact somewhat it's not by much. I am not compelled to snowborard and don't liek it so i avoid the risk and do not participate.

        Stephen
  • Apr 20 2011: I think Vijay's example wasn't just about practical life.

    If you ask me, the fear of risk of getting into an accident on a freeway puts many drivers out of freeway/interstate driving. But, you do have to risk your fear and get on to the freeways.

    No matter what the situation is, a factor of risks is always there. As you said, the risk of changing careers and lifestyle to education to even staying in relationships. Every aspect of man's life does deal with risks. But, what you have to ask yourself is about the result you get and think "is that task really a risk".
    End of the day what I say is "Don't think of the effort or risk, but just think of doing it. Life is short, enjoy it. "
    • Apr 24 2011: Agreed. As the Nike ad goes..."Just do it" - sums up all what we are saying in a simple sentence.
  • Apr 20 2011: I think we can all agree that in moments of doubt, we can turn to that 'gut feeling' to alleviate any ambivalence we're feeling, and point us in the right direction. Well, I do, at least. Why? I think it's because I have been lucky enough to understand why that gut feeling is so trustworthy. When you say 'follow your heart', I assume your talking about following our instincts; following, what we think, to be a completely uninformed decision. But let's think for a moment. How did we come to acquire some sort of 'gut feeling' in the first place? I believe that this feeling is in fact our subconscious speaking to us. Not in some philosophical, obscure sort of way! From a purely scientific point of view, we have our conscious mind, and our subconscious mind. According to some very intelligent scientists, our conscious brain can only handle up to 8 or 9 pieces of information at one time. For example, we consciously talk to our mate about his day in a cafe. However, it is our unconscious (or subconscious) mind that takes in all the detail around us: it is like a sponge. That can process billions of pieces of information each second. Our subconscious mind processes the body language of our friend, his reaction to his day so far, and his mood. When people say 'first impressions are formed within the first five seconds of meeting someone', our subconscious mind is on full processing speed at that time, deciding for us what this new person is like. But I still have not answered the questions: why trust our 'heart', or our 'gut feeling'? It turns out that our subconscious soaks in all the seemingly unimportant information, and it has an overriding influence on our actions. Your 'gut feeling' isn't actually an uninformed feeling at all: it is comprised of the myriad pieces of information that our subconscious mind has observed, and is, in most cases, the more informed decision! This is why if I ever have a conflict between 'heart' and 'mind', I always listen to my 'heart'!
    • Apr 25 2011: Julian, I know this is 4 days late but hope you don't mind. You might be closer than you know. There have been lots of scientific studies, tests, experiments and so on done around the concepts of deception, self-deception and warfare. As I understand it, what has been discovered is that the left side of the brain is the logical, rational side but the right challenges and questions the logic or arithmetic, if you will, of the left.
      Now, humans have or hold true and false, simultaneously. However, this was a surprise to the researchers.
      The Truth, is held or stored in the unconscious while the false is kept in the conscious mind. They thought it would be the other way around in order to deal with serious situations, but it isn't. (you got it)
      This is counter-intuitive and intuitive is what we need to hear trust, and act upon. Hmmm. It is biased for "the," or "an", observer. Self-deception is the active misrepresentation of reality to the conscious mind and deception, is the active misrepresentation of reality to another conscious mind. The self-deception leads to creating a better deceiver of others but creates an inner turmoil because the Truth is trying to get out and challenge the false. Interesting as it applies to warfare and fooling oneself, then a nation, then a world but the warfare is also inner to individuals and between them as a populace. If there is control by some, a few or many, then havoc happens, tragedies and horrible things take place. Sound familiar?
      I agree with you except I believe there is a part of our psyches that has an operating system in birth-place with certain data (truths) and to some degree they have been buried under lots of lies but still call out (glad they do) to us humans to free them. Otherwise, I cannot figure out why humans continue to seek the truth in all things if, according to those in power, we have been told the truth. Then why do we actively seek it? Because it calls to us and many can barely or not even hear it. Gud 4 U
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        Apr 26 2011: eloquent y yolanda thank you

        " according to those in power, we have been told the truth. Then why do we actively seek it? Because it calls to us and many can barely or not even hear it.".

        .I also believe the truth is there inside and wants to speak through us and to us.
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    Apr 19 2011: Both your brain an heart are ways that you are communicating information to yourself. If it does not feel right then your heart is telling you that you need more information or a deeper examination of context. However you could also be running up against an antiquated instinct that is now maladaptive, that is a question I ask myself as well.
  • Apr 18 2011: Well…risks just come from the unknowable results.If it is me,I would balance the risks and the payoffs and then decide which one satisfies me.However there are some other things. The unknowable results appears because we can't control the situation and our unknownness of the situation leads us to the big risks.So I would be calculative to try to deal with the risks. Knowing the situations well is a wise way to deal with the problems.
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    Apr 12 2011: You actually just know which things are worth the risk. There are no exact description of which things are worth the risk. Only in the end will you know if what you have sacrificed is all worth it. And even though there are things that you have learned to be not worth the risk, there are instances where you will still take the risk with same thing but in a different situation because you somehow believe that maybe it would work out this time. :)
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    Apr 10 2011: I'd like to say I think about it and figure out the pros/cons/consequences/chances that it will be successful, but I don't. If my gut tells me that it's worth it, that's what I believe, and I follow it.
  • Apr 10 2011: I have always believed that if you want the fruit of life, you must go out on a limb.

    I was the first to write a response about Morgan's Talk. Because of Ted conversations, I have decided that I would legally change my name to Snickers. More on my story at http://www.namemesnickers.com

    Thanks Ted. We love you.
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    Apr 9 2011: I ask myself whether I would pay the cost for a lottery ticket if I knew the chances were a certain percent to win whatever ii at stake
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    Apr 8 2011: I would probably take risk using racional process... I avaluate some probability of such results around opportunity cost and balance this with my emotional desires... If it is a good result for a such risk, I will take it.
  • Apr 8 2011: Always be fully aware of how your emotion factors into risks you're thinking of taking. Emotion is a great distorter, we must remember to compensate for it. When I'm evaluating whether or not to take a risk, I keep my emotions out of the decision as much as possible, and I remind myself to value the long-term consequence over the short-term.
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    Apr 8 2011: Hey Puneet: If one is passionate about the task ...or in a do or die situation ...one would go to any extent to take up the risk as long as it does not break any laws of the country or humanity.....

    At every stage one must check their premises by listening to their heart about the risk they are taking and how is it going transform the lives of the nearest connected people involved with the action one is taking the risk for ......

    At the same time measuring the ROR (Returns On Risk ..as i call it ) must be calculated by benchmarking the phases involved in the task ..to what level you want to reach ........

    This is a perfect balance between the heart and brain ........
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    Apr 7 2011: Just follow your heart. Because if you believe yourself, most of the difficulties will change into steps for the success. And, it is worth taking. Even if you fail, you will be happy to take such kind of risks.
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    Apr 7 2011: I used to tell my kids (especially when I was trying to get four sons through their teen years alive) that there would be risks in life. I simply asked them to evaluate the upside to the risk. I asked them never to take a risk where the downside was bigger than the upside. In other words if taking a risk can kill you- it better be to save your own life or someone else's. If the down side is just the loss of some time, a little money, or of a little face - no big deal- if it lands you in jail or hurts anyone that's too big a downside.

    edit: having said the above- I have to tell you that whenever my kids believed that they could do something- even if I had my worries- it turned out that they could.
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    Apr 6 2011: thats how often big things happend.
    If you have to calculate your risks before taking them - then it makes it less then a risks changing the outcome.

    thats just my thought but it works on the long run