Veritasium: Nature of Risk and How Humans Perceive it / by john cheng

Veritasium recently explores the nature of risk and how we perceive it. Why are we so naturally inclined to avert risk even if the odds are in our favor? It really makes me think twice about how I calculate risk and what opportunities I've passed up because I've been too afraid to lose or fail.

How much would it take for you to risk $10? Check out Audible: http://bit.ly/AudibleVe Can you solve this? http://bit.ly/248Ve Regression to the mean: http://bit.ly/VeRTTM Help translate Veritasium videos into other languages: http://veritasium.subtitl.us Psychological literature shows that we are more sensitive to small losses and than small gains, with most people valuing a loss around 1.5-2.5 times as much as a gain.

Source: https://www.youtube.com/channel/UCHnyfMqiR...