A Quote by Edward Conard

When rewards go up, people are more inclined to take risks. — © Edward Conard
When rewards go up, people are more inclined to take risks.
There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded.
Philosophers talk about truth and falsehood. People in life talk about payoff, exposure, and consequences (risks and rewards), hence fragility and antifragility. And sometimes philosophers and thinkers and those who study conflate Truth with risks and rewards.
Doubts are suppressed by groups... But remember that the internal incentives that shape how the group perceives risks and rewards may be very different from the reality of the risks and rewards in the external marketplace. Those incentives can distort risk perception.
Every day, you'll have opportunities to take chances and to work outside your safety net. Sure, it's a lot easier to stay in your comfort zone.. in my case, business suits and real estate.. but sometimes you have to take risks. When the risks pay off, that's when you reap the biggest rewards.
The thing I preach constantly is do your research; build your knowledge base. Don't just go into business on a whim or a prayer - and don't think 'I'm an entrepreneur so I have to take risks'. Entrepreneurs don't take risks. They take calculated risks; only the good ones.
Talented people have a responsibility to get the training they need to be successful risk takers and go out there to take risks. What I see is surplus of talented people and a shortage of people willing to take the risks.
You do not have to be the son of a rich man to be an entrepreneur. Today kids are far more willing to take risks because they've seen high rewards.
One doesn't accept bad challenges. Part of it is always the risk-taking without seeing that the risks are rational and the rewards are commensurate.. are more than commensurate.. with the risks.
Risks are a measure of people. People who won't take them are trying to preserve what they have. People who do take them often end up having more. Some risks have a future, and some people call them wrong. But being right may be like walking backwards proving where you've been. Being wrong isn't in the future, or in the past. Being wrong isn't anywhere but being here. Best place to be, eh?
Risks are a measure of people. People who won't take them are trying to preserve what they have. People who do take them often end up having more.
Fear is a part of everything you do ... You have to take great risks to get big rewards.
I don't think I take risks. People think I do, but I don't. In fact, I think conventional-formula filmmakers take more risks than me.
I can tell you that you will have your hearts broken more by the people you love than by the people you hate. But you must still dare to love. The rewards are worth far more than the risks.
When you take high risks, the rewards are higher. So sometimes I'll gamble just to see what happens. If it doesn't work, I know I can't do that.
We're just one cog in this giant machine. You show up and look at all the other cogs like, "Wow, everyone is the best at what they do." You're in really good hands. And that frees you up to play and feel safe, and you can take chances, creatively. You can take risks. I want to show up to work and take risks. I don't ever want to play it safe.
If designers are willing to take risks, I think buyers should take risks, as well with press taking risks.
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