Re:Ask HN: What are good life skills for people to learn?
by analog31 on Sunday September 27, 2020 @07:01PM
(#24610905)
In my view, risk is probability times impact. On average, risking a dollar and spending a dollar are equivalent.
Where I think we get risk wrong is how we estimate its magnitude, often due to emotional fear of loss, or underestimating our own ability to innovate our way out of problems.
Where I think we get risk wrong is how we estimate its magnitude, often due to emotional fear of loss, or underestimating our own ability to innovate our way out of problems.