Your post on omission and commission bias gave me a lot to think about and I'm curious to hear your feedback on an idea that came up while applying your writing to risk taking. I think that we tend to think of risk dualistically, that we think we either hit home runs or strike out, which glosses over all the neutral outcomes. I think tha…
Your post on omission and commission bias gave me a lot to think about and I'm curious to hear your feedback on an idea that came up while applying your writing to risk taking. I think that we tend to think of risk dualistically, that we think we either hit home runs or strike out, which glosses over all the neutral outcomes. I think that when we increase the amount of risks we take, we think that the result will be to decrease positive outcomes and increase negative ones because equate "taking more risks" with irresponsible behaviors/decisions. But I think that what we're actually doing when we increase risk is squeezing some neutral outcomes out towards each end. The question becomes how often does the changed neutral outcome result in a positive or negative outcome instead. I'm curious to hear your thoughts and, if my thinking seems useful, how would you go about testing such an idea? Thanks.
Your post on omission and commission bias gave me a lot to think about and I'm curious to hear your feedback on an idea that came up while applying your writing to risk taking. I think that we tend to think of risk dualistically, that we think we either hit home runs or strike out, which glosses over all the neutral outcomes. I think that when we increase the amount of risks we take, we think that the result will be to decrease positive outcomes and increase negative ones because equate "taking more risks" with irresponsible behaviors/decisions. But I think that what we're actually doing when we increase risk is squeezing some neutral outcomes out towards each end. The question becomes how often does the changed neutral outcome result in a positive or negative outcome instead. I'm curious to hear your thoughts and, if my thinking seems useful, how would you go about testing such an idea? Thanks.