Risk Homeostasis

bwagy

Ben Young, serial entrepreneur, speaker, author and founder of bwagy shares daily ideas on his blog in small digestible bites, aimed to make you rethink business, marketing and the world around you. check out http://blog.bwagy.com

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If we take high risk in one part of our life we will seek to minimise it in another part.

For example, in a Munich Case Study two groups of taxis were monitored for accidents.  One group had ABS brakes installed, the others stayed with the regular breaks.  You would think then that the ABS guys had less accidents right?

Wrong.  What they found was the accident rate was about the same, the group with ABS having gained better braking would take other risks (ie braking late).

Have a read over at WikiPedia.  Watch my video below on RadioWammo discussing it:


It has interesting implications for all change, innovation and risk when you think about it.

Thanks to Malcolm Gladwell for the inspiration in his latest book What the Dog Saw.

 
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