progress is inherently risky. we incentive risk taking behaviour because most people don’t actually want to take risks but we do want progress,
the side effect is that any personal pleasure these people get from taking risks is severely dulled by monetary success so they need to keep going bigger until they get so big they’re risking the very foundations of their success.
progress is inherently risky. we incentive risk taking behaviour because most people don’t actually want to take risks but we do want progress,
the side effect is that any personal pleasure these people get from taking risks is severely dulled by monetary success so they need to keep going bigger until they get so big they’re risking the very foundations of their success.
Adrenaline junkies then?
that’s not the sort of risk being mitigated by money.
it’s more that people in general are heavily loss averse so it’s beneficial to incentive people willing to risk loss.