Neil Thompson’s Lesson for Living – Find the right balance when it comes to risks

Life is a risky business. Whatever we do, whichever way we turn, we take risks. For the most part they are fairly minor risks, with relatively minor consequences if things go wrong. But, it is not at all uncommon for us to take life or death risks (using electricity, driving a car, being a passenger or even a pedestrian, for example). Risk is very much a part of everyday life. This has a number of implications, two main ones in particular.

First, it shows how skilful we tend to be at managing risks. Over the years I have run many training courses on risk assessment and management and made this point about how skilled people generally are. The usual response to this comment has been one of surprise, reflecting a degree of anxiety and a relative lack of confidence around risk issues. Such anxiety can (and often does) lead to a tendency to be overcautious about risk (being ‘risk averse’, to use the technical term), to underestimate our ability to cope with risk and thereby overestimate the chances of things going awry …

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Sociological insights to help understand people’s lives and their challenges

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