How to Know When You Are Taking Enough Risk
Allison Schrager |
TEDxSanAntonio
• November 2019
Risk-taking is vital to the American economy and to our personal development. And yet, there is evidence that Americans are taking fewer risks. But it’s not that we’ve become more risk-averse; we often think we’re taking risks when we really aren’t. It’s become increasingly common to confuse risk management with risk avoidance, when in fact there’s a big difference between the two. Risk management reduces the chance of failure, but the possibility of failing is still there nonetheless; that’s the critical difference. Even more surprising: risk avoidance is often riskier than risk management.