Risk Vs Reward. Is it better to play it safe or take risks?

May 22, 2022 01:52:37
Risk Vs Reward. Is it better to play it safe or take risks?
Reframe Of Mind
Risk Vs Reward. Is it better to play it safe or take risks?

May 22 2022 | 01:52:37

/

Show Notes

We’ve all heard the cliche “the bigger the risk, the bigger the reward”, but when the risk doesn’t work out, are there still rewards to be found? 

It’s inevitable in life that we are going to be faced with having to decide to take a risk or not, whether it’s taking a risk in love, in our career, achieving a goal, moving to a new city or starting a business for example.

But is there a difference between real risk and perceived risk? And how does the perception of risk affect our mental health?

In this episode of Reframe of Mind, podcast hosts Louise Poole & Andy Le Roy explore those uncomfortable feelings of stepping outside your comfort zone and share personal experiences from matters of the heart, to leaving jobs with no plan in place, to starting a business, and look at both the perceived risk of those choices, like humiliation and failure, and the real risks like physical threats and financial loss. 

They are joined by Psychologist and Associate Professor Kimberley Norris, University of Tasmania, who tells us about the importance of risk in maintaining happiness and Scientia Professor Joe Forgas AM, University of NSW, who shares some observations on our ability to forecast future emotions.

We also hear from New Zealand Explorer Brando Yelavich who speaks on why taking a risk is important, Former South Australian tactical police officer Derek McManus who explains how risk is managed, and ask Dr Dinesh Palipana OAM and 2021 Queensland Australian of the Year if the risk he took in backing himself, pursuing a career in medicine, and becoming Queensland’s first quadriplegic doctor was worth it.

Show notes, resources and transcript available at www.reframeofmind.com.au

 

Support us on our Patreon and unlock bonus content at www.patreon.com/reframeofmind

 

Reframe of Mind is a Welcome Change Media production.

Get bonus content on Patreon

Support this show http://supporter.acast.com/reframe-of-mind.


Hosted on Acast. See acast.com/privacy for more information.

Other Episodes

Episode

December 14, 2021 01:23:43
Episode Cover

How to be OK with who you are, feat. Scientia Professor Joe Forgas AM

Recent world events have highlighted the impact of people’s tendency to align with groups, supporting ideas or causes that ring true with their values....

Listen

Episode

January 16, 2022 00:50:18
Episode Cover

Who is Nathan Parker, 2021 NSW Young Australian Of The Year?

NSW Young Australian of the Year, Nathan Parker dreamt of becoming a fighter pilot for the Royal Australian Air Force from the time he...

Listen

Episode

March 10, 2022 02:02:26
Episode Cover

How to let go of expectations from others

When someone asks you how you are, do you tell them? Do they even want to know?    Probably not.     It’s just one part of...

Listen