Risk, Reward, Innovation and Hubris, 2040’s Ideas and Innovations Newsletter, Issue 115

Issue 115, June 29, 2023

Every day we assess the potential rewards along with the real and perceived risks of the situations, desires, tasks, and ideas we confront. We may not be consciously aware of these assessments, but they are happening all the time.

Our ever-expanding technical prowess has resulted in new tools, more efficient production, opportunities to transform ideas into reality, and new platforms to engage and connect. We also have access to expanding our knowledge and deferring to AI to do the meaningless work for us.

Risk vs Reward

Tech-based rewards allow us to be more connected, efficient, and informed … but as with most rewards, there comes risk. Our risk assessment in most situations is based on our inherent need to maintain our security and comfort. We may not take on new responsibility, pursue a new project or even immerse in new technology if we are held back by perceived risks. Most of us are strongly influenced daily by our conscious and subconscious assessment of r…