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fear, growth, life, risk, safety

Choose Between Saftey and Risk

  Publicerad av Emanuel Sidea

“Life is an ongoing process of choosing between safety (out of fear and need for defense) and risk (for the sake of progress and growth): Make the growth choice a dozen times a day.”

Abraham Maslow

life, risk

On Regretting Life

  Publicerad av Emanuel Sidea

Elizabeth Kubler Ross, author of On Death and Dying, asked people on their deathbeds “What do you regret most about your life?”

The number one response was: “I wish I would have taken more chances. I feel like I lived my life playing it too safe.”

The number two response was: “I wish I would have taken more time to reflect. I never stopped and smelled the roses in life.”

risk, systems, uncertainty

The Impact of Uncertainty

  Publicerad av Emanuel Sidea

Major shocks to the economic and political system cause large but short-lived bursts of uncertainty, according to Stanford’s Nick Bloom.

“Hiring and investment rates fall dramatically in the four months after the shock because higher uncertainty increases the real option value to waiting, so firms scale back their plans. But once uncertainty has subsided activity quickly bounces back as firms address their pent-up demand for labor and capital.

In sum, these second moment effects generate a rapid slow-down and bounce-back in economic activity, generating a short-run loss of GDP, but with little longer run impact.”
New Economist