Risky Business - How Evaluating Risk Leads To A Better Life

Explore the concept of risk evaluation and its impact on personal decision-making in this TEDx talk by Jonathan Kurtz. Discover how applying business risk management techniques to everyday life can lead to better choices and increased happiness. Learn to identify, measure, and respond to risks effectively through real-world examples and practical strategies. Gain insights into understanding others' perspectives and making informed decisions. Delve into topics such as parental perspectives, entrepreneurship, and dealing with information overload. Examine the risk assessment framework used by businesses and how it can be applied to personal situations. Consider the importance of evaluating impact, relevance, and sources of information when assessing risks. Understand various risk management strategies, including risk acceptance, mitigation, transfer, and avoidance, along with their potential consequences. Ultimately, acquire valuable tools to maximize personal well-being and make smarter, more informed choices in life.

Intro
Why Risk Management
Are They Making Smart Informed Decisions
Personal Perspective
Parents Perspective
I Almost Died
My Wife Gave Me A Chance
Starting My Own Business
Dealing With Risk
Consideration Of The Odds
Default Decision
Perception of Risk
How Should We Deal With Risk
Avoiding Gross Things
How Businesses Assess Risk
Information Overload
Scary
Relevance
Sources of Information
Framework for Assessing Risk
Impact
Unprovoked Shark Attacks
Making a Decision
Risk Matrix
Is it worth the risk
My own example
One last point
Accept the risk
You havent reduced the risk
You can mitigate the risk
Transferring the risk
Buying insurance
Avoiding risk
Unintentional consequences
Summary
Conclusion