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BS: Risk versus status quo
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Subject: BS: Risk versus the status quo From: Ed T Date: 01 Feb 13 - 07:35 AM Are you a risk taker, or do you lean more to the status quo? As you have aged, and possibly have less to lose in taking risks, has your views on taking risks changed, or do you find you lean more to the status quo? Strong Status Quo bias in decision making "To do nothing is within the power of all men." Samuel Johnson |
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Subject: BS: Risk versus status quo From: Nigel Parsons Date: 01 Feb 13 - 07:37 AM A strategic war-based board-game as opposed to a rock group. What was the question? |
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Subject: RE: BS: Risk versus status quo From: Ed T Date: 01 Feb 13 - 07:48 AM ""A strategic war-based board-game as opposed to a rock group. What was the question?"" ? I guess the question in that scenario would be "did you opt for playing a war-based board-game (status quo), or forming a rock group (a somewhat riskier venture). |
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Subject: RE: BS: Risk versus status quo From: GUEST,Stim Date: 01 Feb 13 - 09:24 AM EdT--Please, don't post links that download PDF files to my computer. One has to chase them down and throw them out, and the one you link to has a cryptic label, so it is hard to even find. |
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Subject: RE: BS: Risk versus status quo From: Newport Boy Date: 01 Feb 13 - 11:03 AM Guest,Stim - just change your browser settings to give you the choice between opening & saving such files. You can also choose the folder for saved downloaded files, so you know where they are. Downloaded files which are opened but not saved are normally in a temporary folder (I think it's in My Documents in Windows). Phil |
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Subject: RE: BS: Risk versus status quo From: IanC Date: 01 Feb 13 - 11:29 AM I work in an environment where people are "risk averse", which generally leads to them doing nothing. I have a great deal of difficulty in persuading people that there is often a higher risk in settling for the status quo. RISK vs STATUS QUO is, I've found, a false dichotomy. :-) Ian |
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Subject: RE: BS: Risk versus status quo From: catspaw49 Date: 01 Feb 13 - 11:50 AM A boat that isn't making waves isn't going anywhere..... Spaw |
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Subject: RE: BS: Risk versus status quo From: GUEST,Stim Date: 01 Feb 13 - 01:46 PM You don't get my point, Newport Boy-If a link is to a PDF, I want to know it before I click on it. |
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Subject: RE: BS: Risk versus status quo From: GUEST,sciencegeek Date: 01 Feb 13 - 02:16 PM What is perceived as being "risky"? Like beauty, it is in the eye of the beholder. How many older Americans continued to drive without using their seatbelts long after seatbelt laws went into effect? Now a kid can't even ride a bike without safety gear, not to mention riding in a car. What it takes for the "fight or flight" response aka the adrenaline rush to kick in will determine those who pursue more "adventurous" activites. |
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Subject: RE: BS: Risk versus status quo From: Ed T Date: 01 Feb 13 - 02:35 PM Point taken, GUEST,Stim I did not see the issue when linking. I do now- Sorry, will strive to do better next time, (and I suspect others will also). (This may be a good example of taking a risk by clicking on an unknown link, or limiting risk by ensuring one knows what one is opening:) |
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Subject: RE: BS: Risk versus status quo From: GUEST,Eliza Date: 01 Feb 13 - 02:56 PM I have a terrible fear of risks, even of change. I like everything to be deliciously predictable, stable and constant. Life is dodgy enough even when you do try to hold things steady. Inviting danger by risktaking seems completely mad to me. I suppose I'm one of the most boring people on the Planet, but there it is. |
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Subject: RE: BS: Risk versus status quo From: Ed T Date: 01 Feb 13 - 02:56 PM What is perceived as being "risky"? (perception may be reality) A good point. Is it merely a perception of risk, or an actual assessment of risk to that individual that is being considered? Do most people have a risk threshold and a reliaable way-skills to determine what it is? If one was to falls from a 6 story building or from a 100 story one the risk of death is the same. But, is the risk of death considered to be the same, or perceived to be greater in a 100 story fall? Why do we have a greater tolerence of risk of dealt from accidents as youth (when we have many years to live) than when we are older,(when we have fewer years to live)? Are we assessing the risk differently, or is the risk being perceived differently? People often blindly adhere to the status quo, being risk adverse - even when the risk is perceived to be low. Why so? Could it be a fear of the unknown, from socialization, from habit? I am often puzzled why people take fewer risks when negative implications are low? An excample is Gnu asked in another post if it is ok to take a risk to drive through stop signs when the chance of anyone being near is close to zero. He also asked if it was ok to drink and drive back in the woods, where the liklihood of coming accross anyone else is near zero. Rhe reaction was negative towards the idea, and a result may be that the risk of social displeasure with his actions may increase his perception of risk to do so, even though the risk to get caught is near zero. |
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Subject: RE: BS: Risk versus status quo From: Ed T Date: 01 Feb 13 - 03:15 PM An article from Phychology Today on methods for making difficult choices and "following your gut" on assessing risk and making choices. Deciding what risks are worth taking |
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Subject: RE: BS: Risk versus status quo From: JohnInKansas Date: 01 Feb 13 - 03:57 PM Obviously some here are unwilling to "risk" opening a pdf? Safe surfing practices mandate that ANY LINK should be verified before being clicked. In my browser, hovering over a link displays the URL the link goes to on the bottom toolbar. I try to make it a practice always to check before clicking, and have no idea how anyone would not know how to do that. Knowing the url will tell you what the format of the target page is. (Although I can't worry much about those who use inferior browsers(?).) You should also be able to right click on a link to copy the link and paste it somewhere to examine it as thoroughly as you want. You can also right click on the link and Save, Save As, Print rather than saving, Save the link target, or with my setup save almost anything that's visible in any common format in the file format that happens to be handy that you'd rather use. Note also that lots of times a link that "claims to be to a pdf" actually is to an html or other form of page, and you can only open or save the pdf from a link on that new page - sometimes after giving some information to the real target page. (Google is great for this "feature.") Some pdfs also block saving of the pdf if you just open it for viewing, but in most cases you can "Save As" to save a copy of the pdf (although how this works, and why, is a little arcane). While I have no argument with being courteous and giving information about a link, it seems that perhaps those who think they really need to be told likely aren't using all the browser tools they should know about, and should be using without relying on having their hand held. It's a question of how one evaluates the risk before taking a leap.(?) DO TOU TRUST the advice of others (strangers) before taking a risk, when you can make your own assessment? There are a few people here I wouldn't trust to know what their own links go to without checking for myself first, even if they told me where they think I was about to land if I clicked. It's all risky business. John |
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Subject: RE: BS: Risk versus status quo From: Donuel Date: 01 Feb 13 - 04:14 PM Of course the kinds of risks I venture change with age. I have to be damn careful once you have used 7 or 8 lives cliff surfing, inventing the street luge and slipping into an icy Niagrara Falls. Besides with my speech problem people assume I have a room temperature IQ, so coming up with unusual ideas that seem loony are the least embarrasing moments of my day. I do regret not taking more risks investing. I tend to sell too quick and wait too long to buy. |
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Subject: RE: BS: Risk versus status quo From: Janie Date: 01 Feb 13 - 08:47 PM I've probably always been a bit more risk-averse than not, and so have tended to be drawn to people who are more comfortable with risk-taking. Then I get to ride on their coat-tails. I would hope the risk calculator changes as one gets older because one's capacity to deal with certain situations, should they arise, is often diminished. I'm no less likely to get stuck in the mud on a logging road miles from anywhere now than I was 20 years ago. But I was stronger and had more energy to dig out or hike out under adverse conditions, if we did get stuck, back then. So while the odds of getting stuck haven't changed, the potential "price" I pay if we do get stuck is considerably higher. |
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Subject: RE: BS: Risk versus status quo From: Bobert Date: 01 Feb 13 - 08:55 PM I'm kinda both... I'm a conservative risk taker... Right now I'm suffering from my last risks but I'll wiggle out and cut my loses... B~ |
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Subject: RE: BS: Risk versus status quo From: GUEST,Eliza Date: 02 Feb 13 - 05:15 AM I think you've got the explanation Janie, it's ageing. Now I'm old, I have no intention of breaking a femur by falling in the snow for example, so I didn't go out at all in it for ten days. And financially, I can't work now, of course, so I have to watch my money and not risk it on any ventures. Also, exotic foods might affect me badly, so I don't try anything 'different' these days. Sad, but sensible. |
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Subject: RE: BS: Risk versus status quo From: Rapparee Date: 02 Feb 13 - 10:08 AM No matter your age or physical or fiscal condition, you always take risks. Awakening every day is one. Go into the bathroom, the most dangerous room in the house. We do a risk analysis for everything, even though we don't realize it. "Shall I bend over to pick up the newspaper? I could fall forward and lay there unconscious until I die -- well, I've bent over and picked up the paper every day for the last 87 years so it probably won't happen today since it didn't happen in the past." Yes, you can do a formal, mathematical risk analysis, but when the bus is speeding towards you you don't have time to decide to dash forward or turn and run back. On the other hand, you usually do have time to decide whether or not you can afford to retire. Even checking out early is a risk -- the bullet might paralyze you, the overdose might cause irreparable kidney and liver damage, the noose might give and you fall far enough to break your spine without dying, anoxia from being underwater too long might cause brain damage, and you continue far worse off than before. We're all risk takers, every minute, with every beat of our possibly-failing hearts. Risk, you see, is the status quo. |
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Subject: RE: BS: Risk versus status quo From: GUEST,achmelvich Date: 02 Feb 13 - 12:18 PM joe strummer said something like - when faced with a choice of actions -always take the riskier option. |
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Subject: RE: BS: Risk versus status quo From: GUEST,Eliza Date: 02 Feb 13 - 12:41 PM 'Go into the bathroom - the most dangerous room in the house." LOL Rapparee, depends whether my husband has just been in there. Or there may be a large spider in the bath, in which case I might break my neck hurtling out of there at speed! |
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Subject: RE: BS: Risk versus status quo From: Donuel Date: 02 Feb 13 - 11:03 PM ' the bathroom - the most dangerous room in the house." Then why doesn't the murder game Clue not have a bathroom? |
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Subject: RE: BS: Risk versus status quo From: GUEST,Eliza Date: 03 Feb 13 - 10:23 AM LOL again, Donuel. Cluedo game solution: "Killed by Colonel Mustard in the Bathroom with a Spider". |
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Subject: RE: BS: Risk versus status quo From: Ed T Date: 03 Feb 13 - 11:07 AM ""According to the Centers for Disease Control and Prevention, every year about 235,000 people over age 15 visit emergency rooms because of injuries suffered in the bathroom, and almost 14 percent are hospitalized.More than a third of the injuries happen while bathing or showering. More than 14 percent occur while using the toilet."" Bathroom injuries |
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Subject: RE: BS: Risk versus status quo From: Rapparee Date: 03 Feb 13 - 01:53 PM Why Colonel Mustard in the bathroom with the victim? Why use a spider instead of, say, soaping the shower floor and letting the victim slip and fall? Or pull a George Joseph Smith and suddenly pull the victim's feet up and towards him as s/he relaxed in the tub ("Brides in the Bath Method")? Obviously Colonel Mustard was a sly old dog. |
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Subject: RE: BS: Risk versus status quo From: GUEST,Eliza Date: 03 Feb 13 - 02:06 PM Ah, but Rapparee, you don't know this chap Colonel Mustard. He was a sexy old thing. He got up to all sorts with ladies in the bathtub. And the spider was a deadly tarantula called Ethel, a very effective weapon. |
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Subject: RE: BS: Risk versus status quo From: redhorse Date: 03 Feb 13 - 02:16 PM The tee-shirt I am wearing today bears the message: "If everything seems under control, you're just not going fast enough."- Mario Andretti. This strikes me as a well-balanced approach to risk. |
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Subject: RE: BS: Risk versus status quo From: Bobert Date: 03 Feb 13 - 04:15 PM Well, I one one this afternoon... I have water standing down in the wooded area between the house and a creek that runs down one property line... I have been using/abusing my tractor and its front bucket to try to dig drainage ditches... Had one area where there was a decent pile of dirt/mud in the blocking an entire area where water was standing that couldn't get to the drainage ditch and it's in about the same place where I got my tractor stuck last year and had to dig it out but... ... I needed to get to that pile to bust up and that meant driving into an area that was 6 to 8 inches deep in slowly draining water to get to the pile... Yeah, I could have easily gotten stuck again but... ...no guts, no glory so Mr. Kabota and I just went for it... It was a thing of beauty... Down went the bucket and up came the pile and backed right out... One that one... No more gambling today... B;~) |
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Subject: RE: BS: Risk versus status quo From: GUEST,Eliza Date: 04 Feb 13 - 05:10 AM Oh Bobert, I so love tractors, those enormous bouncy wheels! Our neighbour has a big blue one, and despite our living in a quiet bungalow street, he often trundles it up to his door and parks it there. I have a full driving licence, and I'm going to ask him if I can have a go on it this Spring! |
