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The opposite of risk-aversion is not risk-seeking, as you seem to imply, but risk-management as I have explicitly advocated in my previous post.
by DenisM 17y ago
The opposite of risk-aversion is not risk-seeking, as you seem to imply, but risk-management as I have explicitly advocated in my previous post.
- foldr 17y agoI don't share your intuitions about opposites. Risk-management is in any case a middle-of-the-road position. A person might rationally decide that the best risk/reward balance, given their particular goals, was to get a job. (Especially if these goals include doing a lot of stuff outside of work, since startups don't give you much free time.)
- stinkytaco 17y ago1. I disagree that risk aversion is not the same as risk seeking. If you are not avoiding risk, you are exposing yourself to it. 2. Even if I accept your premise, risk-management is, as foldr says, a middle of the road proposition. I choose to manage my risk by safely working a job and allowing myself, and my children, to pursue other interests fairly comfortably. Besides, someone has to work jobs. To paraphrase Office Space, "If everyone did what they loved, no one would be a janitor because no loves cleaning up shit."