Start With Small Bets

Risk should preferably be viewed as an experiment. This helps with testing innovation and reducing risk if things don't turn out as intended.

@gra_maa136

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Problem Solving

When you take the time to consider the downside possibilities, it will be less frightening if they happen. This will give you the confidence to stay the course.

If you have only considered one possibility, you should probably worry about it.

Find many possibilities for success, then you can be positive that at least some of them might work out.

You will almost always have to take action before you know all the components your success will depend upon.

Be willing to commit to the path even when you are unsure of all the details. You can adjust your path along the way.

Going on the offense does not mean that you place your trust in theories that you have not thought through.

Looking at your inner fears will help you to see things more realistically, creatively and move more directly.

Embracing risk can be difficult if you focus on the outcome.

Instead, break the decision-making and the action process into smaller steps.

What prevents people from taking a risk is thinking that you can't start until everything is perfect.

We need the courage to make decisions with imperfect data and move forward as information becomes available.

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SIMILAR ARTICLES

The prospect theory shows that people are often willing to make riskier decisions to avoid losses than to make gains - even when the situation is identical but framed differently. For example, a 30% chance of death and a 70% chance of life are two different ways to describe the same thing.

If uncertainty is the default, an irrationally strong influence will be exerted on the outcome.

5

IDEAS

Toxic positivity: viewing bad emotions as a failure

Some view positivity as essential to coping with the crisis. They take the chance to slow down and reevaluate, feel grateful to still have a job while balancing school and family life.

But, this unrelenting optimism, known as toxic positivity, views negative emotions as a failure or weakness. Failing to acknowledge hardships can have a detrimental effect on our mental health.

The journey is the destination

We never arrive. We work hard to succeed, and then we have to work twice as hard to maintain that success.

It’s a slow grind. And it starts with our mindset.

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