The Why Factor
Why do People Take Risks?
Jun 26, 2015
Delve into the psychology of risk-taking, examining the motivations of thrill-seekers and how emotions play a role. Explore the impact of media coverage on risk perception and learn about managing risks in trading and investments. Discover the necessity of calculated risks in activities like space exploration and understand the various motivations behind risk-taking behavior.
17:53
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Quick takeaways
- Understanding the distinction between acute and chronic risks in high-risk activities.
- Importance of quantifying risks using metrics like micro-morts for accurate risk assessment.
Deep dives
The Psychology of Risk-Taking
The podcast delves into the psychology of risk-taking, exploring why individuals voluntarily expose themselves to risks and why accurately assessing these risks is often challenging. The episode features insights from a former British Army Major who worked in counter-terrorist bomb disposal and discusses the thrill and adrenaline rush associated with such high-risk activities. The speaker emphasizes the distinction between acute risks that can lead to immediate catastrophic outcomes and chronic risks that impact health gradually over time.
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