February 2017
Beginner
256 pages
5h 35m
English
Content preview from The Medici Effect, With a New Preface and Discussion Guide
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CHAPTER fourteen
How to Adopt a Balanced View of Risk
ELEPHANTS AND EPIDEMICS
WE HUMANS are not exactly rational in how we think about risk. Emotions, and fear in particular, play a big part in our perception of possible loss versus potential gain. We need to understand more about this aspect of human psychology if we are to understand how people like Richard Branson and Howard Berke behave when facing risks at the Intersection. What are they doing to find the courage others seemingly cannot? And how can we emulate it? There are at least two different strategies we can follow:
Avoid behavioral traps relating to risk- Acknowledge risks and fears ...
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