"Economic conservatism" is a value-maximizing choice in some ways, but there is also the value of risk-taking as self-actualization. "It's better to have loved

"Economic conservatism" is a value-maximizing choice in some ways, but there is also the value of risk-taking as self-actualization. "It's better to have loved and lost," as they say. There is value in being granted the freedom to fail, and even smart risks require a chance of failure; that's why banks and investors exist as they do. The difference is that a teenage individual is far worse at analyzing risk and the consequences of failure while having almost absolute authority over their own direction.