Fear: Difference between revisions

Latest revision as of 14:13, 23 July 2021

Risk Anatomy™

Risk \| Fear \| Ecosystem \| Market \| Government \| Firm \| Cartel \| Individual \| Trust \| Audit \| Complexity \| Prisoner’s dilemma \| Transaction \| benign \| brutishIndex: Click ᐅ to expand: Risk

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it was one of the twin pillars of global economics: the greed side. The other side is fear.

—Neil Innes, 2019

Risks that create fear in individuals:

Individual screwing up.
Known unknowns: remote but foreseeable contingencies coming about: the chicken licken scenario.

legitimate risks that do not create fear in individuals:

Unknown unknowns: black swans do not create fear. It is hard to blame an individual for not anticipating something that, Q.E.D., could not be anticipated.
Emergent risks: (this is in some respects a special case of an unknown unknown): risks that only arise at a level of abstraction beyond that for which the individual is directly responsible or accountable.
The fear of redundancy: This one, we think, might be the biggest fear of all.