Risk-Based Decisions - Deepstash
Risk-Based Decisions

Risk-Based Decisions

When someone is a self-proclaimed realist, or simply pessimistic by nature, decisions are often made considering only one factor: risk.  

Faced with a decision, they ask themselves questions such as: 

  • What is the worst possible outcome? 
  • What do I need to protect myself against? 
  • If this doesn’t go as planned, how will I respond? 

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"Take time for all things: great haste makes great waste. " ~ Benjamin Franklin

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3. Ask Yourself The Right Questions

3. Ask Yourself The Right Questions

 I have a handful of questions I ask myself before making decisions:

  • What are the economic ramifications in terms of risk and opportunity cost of not doing something?
  • How can I mitigate both?
  • What is the worst that can happen?

D. Decisions related to ethical issues

D. Decisions related to ethical issues

Decide what is the best thing to do when faced with moral issues, considering questions like:

  • Would I mind my action being broadcast on the six o’clock news?
  • Could I justify my actions to my family and close friends?
  • What advice would I give to a close friend who...

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