Fear Creates Uncertainty
I was just watching the new quiz show "Are You Smarter Than A Fifth Grader". Initially, I thought it would be a silly show since the questions would be so easy that everyone would win the big bucks. As I watched it though, it definitely wasn't the case. Some questions are so simple but yet with our busy lives, we neglect to notice them. For example, did you know when John Howard was first elected to Government. I thought it was 1997, but the answer was 1996. The contestant got it wrong, yet all the kids got it right. To their simple uncomplicated lives, their brains allow them to focus on these things and remember them.
However, what I wanted to write about was not how clever these kids are, but how fear can create such uncertainty in us. When the contestant was answering the initial questions, with the stakes so low, even for questions she was fairly sure about, she would lock them in. However, as the money values got higher and higher, even though the questions were similarly difficult, she didn't lock them in. She was pretty sure of the answers, but was unwilling to lock them in. This was due to the big risk she would be taking financially. We all know how hard it is to make $50 000 after tax dollars, so would be unwilling to risk it. The fear in us of losing that money makes us so uncertain about our own decisions.
I can relate to this. Any time when the stakes are deemed to be high, we second guess ourselves. It's all very relative as well as to when the stakes are high. When I play poker with my friends for example, even though we may only play for $20 all up, in relative terms in that game, the stakes are high. Hence I get so nervous when I have to decide whether to go all in or not. Yet, when the situation changes and I play a few hands at the casino, $20 in that environment is so little and I'm not nervous betting it.
In both those situations though, if the stakes are deemed to be high by someone, it will make us uncertain about our actions. This applies to all facets of our lives. Hence it is why its so hard to take a risk. Taking a risk implies that the stakes are high and its something you are not sure about. The outcomes may be advantageous, but we have to way those positives with the consequences of it going wrong. The natural fear in us will make us second guess our decisions. People who are brave enough and have the conviction will make those decisions. We are all brave in one sense as we all have to make some decisions. It's just that some people are willing to make bigger decisions. In general, its people who take risks that get rewarded. It's rare for really good things to just land in your lap without you taking a chance and going for it. You may regret your risk, but you will probably regret it even more if you don't take that risk.