We misjudge risk if we feel we have some control over it, even if it's an illusory sense of control.
Sentiment: NEGATIVE
Risk is trying to control something you are powerless over.
We historians are increasingly using experimental psychology to understand the way we act. It is becoming very clear that our ability to evaluate risk is hedged by all sorts of cognitive biases. It's a miracle that we get anything right.
But we also believe in taking risks, because that's how you move things along.
I like to control the risk I take. And when risk is taken out of my hands, it frustrates me.
Some people feel affronted when something they thought to be true doesn't happen. If that's the case, then your sense of risk is much higher, and that leads to risk aversion. You need to be able to be comfortable in uncertainty.
Risk comes from not knowing what you're doing.
In some ways, risk-taking is the ultimate act of self-indulgence, an obscene insult to the preciousness of life. And yet, how can one dismiss something that persists despite every reasonable theory that it shouldn't?
Knowing that we can control our own behaviour makes it more likely that we will.
If you have something at risk, you think differently.
Risk will always be a part of life. It's how we recognize this and deal with it that matters.
No opposing quotes found.