Four Flavors of Risk

Risk protection is normally done to minimize the harm a particular activity can do to us. There are various things we do to reduce our risk, to make ourselves safer.

Behaviour scientists point out that taking measures to reduce the harm we can do to ourselves, can actually make us take mo...

 “Jill Fredston is a nationally recognized avalanche expert. . . She knows about a kind of moral hazard risk, where better safety gear can entice climbers to take more risk— making them in fact less safe.” Like opportunities to make money, the degree of risk present in a market derives from the b...

• When automobile safety laws were introduced, the drivers started taking more risks while driving, leading to more pedestrian accidents.
• Children (and even adults) take more physical risks while playing a sport with protective gear.
• Safety features like Anti-lock brakes ...