Increased Risk

Based on Proprietary Research

Ever wonder how risk inclined you are?? And how you compare to others?

As a part of my book, The Power of Risk, I conducted some research on risk inclination.? The research involved people self-assessing their risk inclination in a variety of areas.

Participants were first asked to indicate their general risk inclination on a scale of 1 to 10, with 1 being Very Risk Averse and 10 being Very Risk Inclined.? They were then asked to be more specific by similarly indicating their risk inclination in the following areas.

·??????? Physical Risks – Activities that involve some risk of injury.? Riding a motorcycle, river rafting, rock climbing or skydiving are some examples.

·??????? Career Risks – Risk such as job changes, taking on new responsibilities or seeking promotions.

·??????? Financial Risks – Your risk tolerance in investing, borrowing and lending money.

·??????? Social Risks – Risks like introducing yourself to someone you don’t know or putting yourself in an unfamiliar social situation even at the risk of possible embarrassment.

·??????? Intellectual Risks – Things like your willingness to study a difficult topic, pursue information that challenges your convictions or read an intellectually challenging book.

·??????? Creative Risks – Risks such as painting, drawing, taking on a writing challenge or pursuing an unconventional design.

·??????? Relationship Risks – Risks such as a willingness to pursue a new relationship, spend time with someone despite an uncertain outcome or make a relationship commitment.

·??????? Emotional Risks – Willingness to be emotionally vulnerable.

·??????? Spiritual Risks – Willingness to place your trust in concepts that may be unprovable or you do not fully understand.

Having assessed their willingness to take these nine different types of risk, participants were then again asked the first question about their general risk inclination again.? Here are the results of the research so far.

Averages and Ranges of Assessments – On average, people placed their Balance Point for all types of risks between 5.9 and 7.7.? I find it interesting that the averages are all above the midpoint on the assessment scale.? It is also of interest that the range is so relatively small with less than two points between the lower and higher averages.? This seems to suggest that people, as a whole, consider themselves moderately risk inclined and they see their risk inclination in all areas as reasonably similar.

Individually, the range of risk inclination for the specific risks varied the maximum possible.? Some people had self-assessed risk inclinations ranging all the way from 1 to 10.

The range of averages of all risks for men was 6.2 to 7.8.? The average risk inclinations for all risks for women were lower but broader ranging from 5.0 to 7.6.

Highest Assessment – Both as a whole and when broken down by gender, respondents indicated they were most comfortable taking intellectual risks.? This could be due to people seeing the downside of taking intellectual risks as more acceptable than negative outcomes from other risks such as financial, relationship or physical.? Put another way, intellectual risks are private in nature and usually taken without anyone being aware of the risk except the person taking the risk. ?As such, a negative outcome, should it occur, is likely known only to the risk-taker.

Lowest Assessment – Overall, people identified financial risks as the ones where least comfortable taking.? The average age of the respondents being in the mid-forties likely influences this result.? Men assessed their risk inclination in both financial and emotional risks as their lowest.? My guess is that many will not be surprised to learn that emotional risks are among the least comfortable for men.? This strikes me as consistent with the way men are often socialized in our society.? Women identified physical risks as the ones they were least inclined to take.

Gender Differences – Men and women’s inclination to take social and creative risks was essentially identical.? The greatest difference in risk inclination between men and women came in physical risks.? The average inclination to take physical risks for males was 6.9.? For females, it is 5.0.? This range of 1.9 is the greatest difference in risk inclination that occurs when comparing results by gender.

There are two type of risks for which women indicated a greater risk inclination than men.? Can you guess which ones?? Women expressed a higher inclination to take both relationship and emotional risks than men.

Revised Overall Risk Inclination – One of the points of this exercise is to encourage people to look at their risk inclination more broadly.? That’s the reason respondents are asked to assess their Overall Risk Inclination a second time after assessing their inclination to take risks in a variety of specific areas.? I am pleased to report that many respondents revised their Overall Risk Inclination upward as a result of completing the survey.

Two out of five people moved their Balance Point to the right, towards more risk inclined, the second time they were asked to assess their Overall Risk Inclination compared to their response to the same question when they first responded to it.? That’s powerful and means that simply looking at their risk profile more broadly allowed them to revise their Overall Risk Inclination upward.? For women, this effect was even more dramatic.? Fully half of the women taking the survey increased their Overall Risk Inclination.? One in three men did the same.

Two in five taking the survey did not change their Overall Risk Inclination.? For men, those with unchanged Overall Risk Inclinations were 44 percent.? For women, it was 36 percent.

Some people revised their Overall Risk Inclination downward as a result of taking the survey, but only one in five.? It’s refreshing to see that only half as many people moved their assessment downward compared to the number who moved theirs upward.? For women, only 15 percent moved their assessments downward, while 24 percent of men did the same.

So, to review, two out of five moved their assessments of their Overall Risk Inclination upward.? The same proportion kept theirs the same and one in five moved theirs downward.

More Influential Risk Inclinations – I have long suspected that we allow our comfort level with certain kinds of risks to disproportionately influence our perception of our Overall Risk Inclination.? One of the goals of this survey is to look for correlation between the first assessment of Overall Risk Inclination and risk inclination in the various specific areas that would provide evidence of such disproportionate influence.

Based on countless conversations, I have sensed that many people allow their comfort level with physical risks to significantly influence their perception of their Overall Risk Inclination.? But I have been wary to assert this due to the fact that most of the people who have indicated this to me are aware of my inclination to take physical risks by skydiving.

Their comments often start with a statement such as, “I could never do what you do.? I’m not a risk-taker.”? This seems like a pretty clear reference to physical risks such as skydiving.? Given time, I will explore with the person making the statement areas of their life where they are more risk inclined.? Once we can disconnect their perception of their Overall Risk Inclination from their comfort with physical risks, they will often revisit their initial statement.? I love when that happens!? They conclude the conversation feeling a bit differently about themselves.

So, how much correlation did we find between respondents first assessment of their Overall Risk Inclination and their physical risk inclination?? It depends on what group of respondents you are looking at.? For males, the assessments are almost identical.? My suspicion was confirmed.

For females, there is a lot less correlation, so the same theory does not seem to apply to women.? For women, the highest degree of correlation with the initial assessment of Overall Risk Inclination is with financial risks.? For both genders combined, the highest correlation is with emotional risks.? I leave it to you to discern the significance of these correlations.? Nothing in particular has yet occurred to me.? If something profound comes to mind, send me an email and let me know.

Impact of Age – One of the questions I get most often on the topic of risk inclination is how it changes with age.? Research has shown that most people become more change adverse as they age.? But comfort with change is only part of the risk equation.? So, what can we glean from the responses to the surveys about how risk inclination changes with age?? There are some insights, but I would not consider the conclusive without a lot more data.? There are, however, some interesting patterns.

My guess is that if you were asked, based solely on intuition, whether people become more or less risk inclined as they age, you would say less.? I agree and think most people would say the same.? But we are not necessarily correct.

The responses to the survey show that, for the population surveyed, there is not a statistically significant change in risk inclination based on age.? But things change when we look at the responses by gender.? Men show a reduced inclination to risk as they age, but women do not!? The women in the population surveyed showed an increase inclination to risk as they age.? This is a fascinating observation that bears more research.

At this point, we can only speculate as to the causes of this increased risk inclination.? It could be attributable to the fact that the women I asked to respond to the survey are, by my observation, reasonably financially secure.? I would be inclined to suggest that some types of risk inclination increase with financial security.

Another factor that could be contributing to this increased risk inclination with age in women is a possible latent desire to enjoy activities and take advantage of opportunities that were difficult for them to pursue earlier in their lives due to the obligations of raising a family.? Some sociologists have suggested that may women spend the first half of their lives tending to the needs of others and the second half of their lives addressing more of their own needs.? That concept could be related to the survey results.

Both of these possible explanations are just supposition until validated by further research.? But women’s increased risk inclination as they age as indicated by the survey population is still quite thought provoking.

Yours Alone

While it is interesting to know how your risk inclination compares to others, please do not let it influence you too much.? How you compare to others is really not that important.

While we can learn from observing what others do well and poorly in this realm, comparing yourself to them is just not helpful.? Your natural level of risk inclination – the position of your Balance Point at this moment - is a result of a multitude of factors that are unique to you.? It is influenced by the person you were at birth and all your life experiences since.? Like you, it’s unique.

It is an interesting reference point – and possibly a starting point if you choose to set about intentionally changing it.

? 2010 Jim McCormick

Jim McCormick is the co-author of Business Lessons from the Edgehttp://www.businesslessonsfromtheedge.com/, the author ofThe Power of Risk and the editor of 365 Daily Doses of Courage.? Jim draws on his experience at a World Record and North Pole skydiver, MBA and former corporate Chief Operating Officer to help teams and individuals move past self-imposed limitations through presentations, seminars and performance coaching.? You can contact him at http://www.takerisks.com/.

Permission to publish or post this article is granted provided copyright is attributed to Jim McCormick and the above information about the author is included in its entirety.

Article Tags:
Overall Risk Inclination, Overall Risk Inclination?, Risk Inclination, Risk Inclined, Risk Inclination?, Physical Risks, Intellectual Risks, Risks Such, Emotional Risks, Balance Point, Risk Inclinations, Overall Risk, Increased Risk

the position of each club combines inequality.Country's Anne shouts to withdraw for many times



change not environment, will change oneself.Saying to is to exist rule is in fact "Qian rule".The Qian rule is the rule that the related personage out of the rule keeps secret, someone says that Chinese football is to don't speak the game of rules of the game most , we very different idea-all of the noodles are Qian rules there!

rule A

you can say, but don't do

positive model:thank a second dragon

the occupation league match of Chinese football begin from 1994 and passed by for 14 years at present, the talented person's foundation of Chinese football complete Kua drops.A set of data expresses that the football population being early, registering occupation league match 60 many ten thousand, for Wang Jun to bears set leaves 400,000, the Yan a life time Duo only had 200,000 while coming off stage and thanked a second dragon to also walk quickly, it is said that that leaves 3 myriad people.The successive holder Zhang that is a foot to help door, they very clear Chinese football talented person the foundation is atrophying, they take a post of beginning, all Gao Ju"great flag" of"start to grasp from the doll", but truely carry out is to say 1 set, do 1 set.This is the typical Qian rule.The formation source that reads this Qian rule is a system.All of the successive holder leaderships that the foot helps are the ordination systems with certain term, at their allow inside, for the sake of achievement who would not like to be people of the past to plant a tree, either, the posterity enjoys cool air of matter.Hence, teenager's football became to be free from successive holder foot to help a cake of of leading the value most .

be like Wuhan withdraw this time, in your mouth shout also just, but don't really back.Somebody else country's Anne also shouts to withdraw, but is what didn't the somebody else back?

rule B

you can do, but have to be obedient

positive model:Yan iron living

Chinese football who do at most and get to criticize at most?Domestic coach.

Chinese football inside of circle, never believe that the bishop does to be responsible for making this parlance.Say country characters ball team first, thank the second dragon governs a period, female foot coach why changed one the Chi is another Chi, root son each all think to is an expert in our leaderships.Thanking a Zhang door not only demonstrates how to carry on Fu to lie to support strength training like this in person for female footballer, but also point out Olympic Games of so didn't before entering four, is "standing with arms akimbo a muscle" have never done like.Thank second dragon"coach", also disdain to a to attend to to the training of Du Yi, "the Du Yi became outdated, that norm of his turns to train system early and then was eliminated."The phenomenon like this in the league match is also many, Shanghai states that floral Zhu Jun is usually stating that the flower after winning the ball outward vindicates:" how, listen to my right!"Lose ball to there are also some kind of theories behind-"result I early say to don't go like this, ……"

those obedient of, be good at the person who sees leadership facial expression behaviour to promote most quickly and most to receive great favors.This is very popular in Chinese football inside of circle, regardless is Chinese or a foreigner to come to China to be coach, the business ability is next in importance, and the key has to be obedient.Not only had to be obedient, but also wanted to once be subjected to for the leadership.The country Ao summary general assembly, Yan iron livings active Lan to lead, his realizing this is the demand of Qian rule, almost owner judgment Du Yi, far choose in the Du Yi of Serbia silent, he understand he drive"Qian rule".

rule C

don't study country Anne of Peking

reverse side model:brigade in Wuhan

Wuhan only valley declare to withdraw, don't expel to have intention that the threat foot helps.The reason is those early years country's Anne waited a Hao door to once shout to withdraw as well, foot's helping not only didn't chase a somebody else how, return is a compromise, was forced to establish in the super company, this was the super G7 to rebel affairs in several year agos.But the Wuhan light valley is getting wronger.At in super inside this turn son, the position of each club combines inequality.Country's Anne shouts to withdraw for many times, the foot helps not to dare to chase a somebody else how, your Wuhan shouts to withdraw, the foot helps to tidy up you right away.The reason is easy, you think that you are a country Anne?

do not evaluate a country here Anne in those early years again is the match was again to withdraw, end doing of"blew not to rain" parties, probably country's Anne had the country Anne's truth.Problem BE, same of truth, use in finding shelter country is a crisis public relations, put at the other people is out and out there of fault.Light valley in Wuhan was as a result helped by the foot to discard with the real rule due to doing not understand Qian rule.

(beam soldier)

given by Internet Intelligence Institute http

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Therefore, I can say that, as an online entrepreneur, you need to pay a special attention to avoiding the critical mistakes that most the new internet marketers do. However, try to build a good and sweet relationship with your potential customers, provide them with quality information in your daily or weekly mailings and follow newer list building strategies by reading a successful online marketers blogs and eBooks.

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Article Tags:
Critical List Building, List Building Mistakes, Critical List, List Building, Building Mistakes, Opt-in List, Online Marketers

the NBA normal regulations match rocket squareds thunderbolt in the lord field



Yao Ming basket the bottom Be strong to offend

November 2 Peking time news, the NBA normal regulations match rocket squareds thunderbolt in the lord field, the triumvirate again attacks to squared a Du orchid especially.The diagram is fascinatingly and in a twinkling this game before the match.

the wheat Di fly a basket of body moment

November 2 Peking time news, the NBA normal regulations match rocket squareds thunderbolt in the lord field, the triumvirate again attacks to squared a Du orchid especially.The diagram is fascinatingly and in a twinkling this game before the match.

the Tai Si hold ball aggression especially

November 2 Peking time news, the NBA normal regulations match rocket squareds thunderbolt in the lord field, the triumvirate again attacks to squared a Du orchid especially.The diagram is fascinatingly and in a twinkling this game before the match.

000 annual salaries for me and buy the type of a yacht for me again of ……over there



the survey of proper"true or false Tai" and 50,000,000 affairses also didn't water rockslide, "the Tai Si is especially" today again renew personal blog, he revealed an astonishing viewpoint again this time.《Twitter 》 news in the United States website, Tai Si mean in the blog today especially, if have European ball team contract that would like to take out USD 20,000,000, he next match the quarter don't expel to leave NBA and pan for gold in Europe of possibility.

"probably I should consider playing ball in Europe.If they open 20,000,000 annual salaries for me and buy the type of a yacht for me again of ……over there, I should be able to all participate in Dou to beat in the whole match quarters, this has no problem.Do they how can have Detroit(Ao originally mountain)?"

not difficult discover from the words, "Tai" this message obviously takes to have the meaning to make fun of today.He isn't to want to really leave NBA, but the disaffection to the present condition, and to at the beginning alliance punishment oneself is still deeply concerned at heart.The Tai Si think that oneself plays ball in Europe and can acquire higher income especially, he didn't say USD 20,000,000 to exactly is a year or two years, but affirmation ratio before now two years of Mo Lei Kai's 16,000,000 or so wanted to be a lot of high.

but"the threat goes to Europe" is no longer a rocket player the first time use of trick.As early as 08 years summer, orchid Delhi passes broker Ba Di ·shell gram mean to the medium, a Spain club would like to costliness(two years 14,000,000) attraction orchid Delhi, if can not continuously invite rocket, orchid Delhi doesn't expel the possibility of going to European effect.Confirm afterwards the this time words of broker in orchid Delhi completely is in the tell a falsehood, basically having no Spanish ball teaming has to usher in orchid Delhi, this is just he a kind of negotiation method of the threat rocket of"rise a commodity price" is just.

NBA recent two in the last yearseses really once brought about an Europe to pan for gold a fever, last summer, the Greece Hao Olympiad section Si in door provided for a three years, the contract of USD 32,500,000, the costliness dug to walk the eagle brigade get a goal a hand to invite Shi ·inside Si in Chad, protect Luo's Luo inside substitute Chien later on ·the Pa Ge and the net brigade Na inside the center forward is virtuous ·section Si Di the strange etc. person all leave for Europe to pan for gold.Hence became number of European ball team to become an another election of NBA player to choose, and threat mother the negotiation method of the brigade, not expel the Tai will also imitate this way to carry on with Mo Lei to go back and forth.

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One of the side effects of the current recession is that business financing has become hard to get. A few years ago, business credit was flowing and companies could shop from bank to bank looking for the best terms. Nowadays, even companies that have solid financial statements are having problems getting a business loan. This situation is not likely to change for the foreseeable future as many lending institutions have capitalization problems and won't be able to lend much until these problems are solved.

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