nswd



Who knows the way he’d take it you want to feel your way with a man they’re not all like him thank God

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While risk research focuses on actions that put people at risk, this paper introduces the concept of “passive risk”—risk brought on or magnified by inaction. […]

Avoidance of regret (more precisely “perceived future regret”/ “anticipated regret”) is a major factor in most inaction biases. Support for this idea can be found in Norm Theory which claims that inactions are usually perceived as “normal”, in contrast to actions, which are viewed as “abnormal” and therefore elicit more counterfactual thinking and regret. People regret actions (with bad outcomes) more than inactions, so it is clear why people who try to avoid regret prefer inaction in situations when actions may lead to unwanted outcomes. However, in passive risk taking behavior we refer to situations in which actions can only lead to positive/neutral outcomes, so regret avoidance cannot be the cause of inaction in these instances. People do not avoid cancer tests because they fear they might feel regret after having the tests done. […]

Procrastination is defined as “the act of needlessly delaying tasks to the point of experiencing subjective discomfort.” It may seem as though passive risk taking is essentially procrastination, but there is a major difference: the procrastinator knows that eventually he will have to complete the task at hand, the decision to act has already been established—it is only the actual doing that is delayed. In passive risk taking people decide “not to act,” or in some cases “not act for now.”

{ Judgment and Decision Making | Continue reading }

photos { Paul Kooiker }





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