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Risk vs Reward. A rambling.

This is a discussion on Risk vs Reward. A rambling. within the Psychology forums, part of the Methodologies category; I was thinking the other day... I'd take a trade on a risk:reward of 1:2 quite happily, but wouldn't approach ...

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Old Nov 20, 2007, 1:37pm   #1
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Risk vs Reward. A rambling.
I was thinking the other day... I'd take a trade on a risk:reward of 1:2 quite happily, but wouldn't approach a girl in a bar to ask her out when the risk:reward is probably 1:20 (risk = embarrassment for 5 minutes; reward = potential date).

Can you think of any similar risk:reward comparisons in life that you wouldn't do despite a better risk:reward?
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Old Nov 20, 2007, 1:42pm   #2
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Quote:
Originally Posted by shadowninja View Post
I was thinking the other day... I'd take a trade on a risk:reward of 1:2 quite happily, but wouldn't approach a girl in a bar to ask her out when the risk:reward is probably 1:20 (risk = embarrassment for 5 minutes; reward = potential date).

Can you think of any similar risk:reward comparisons in life that you wouldn't do despite a better risk:reward?

The guy who gets on a bus from London to Birmingham after buying the lottery ticket. I always find that amusing.
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Old Nov 20, 2007, 1:46pm   #3
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I have a friend who cycles about 15 miles a day, to work and back. He thinks I am a risk taker because I trade.
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Old Nov 20, 2007, 1:55pm   #4
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...but wouldn't approach a girl in a bar to ask her out when the risk:reward is probably 1:20 (risk = embarrassment for 5 minutes; reward = potential date).
I shared a student house a long time ago with a guy who used to wander round the nightclub towards the end of the evening asking random girls if they wanted to come home with him for a f_ck. He reckoned it was about 100/1, which meant he usually ended up taking someone home every couple of weeks. The rest of the house just looked on in amazement: none of us had the nerve even though we could see it worked.
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Old Nov 20, 2007, 2:52pm   #5
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shadowninja started this thread Were they the sort of girls you'd sleep with if you were sober, though?
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Old Nov 20, 2007, 2:54pm   #6
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Were they the sort of girls you'd sleep with if you were sober, though?
no, but he was no oil painting either, to be honest
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Old Nov 21, 2007, 5:30am   #7
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shadowninja started this thread He should try scalping, then. Er, I mean Dow/FTSE/Forex, not drunk girls in clubs.
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Old Nov 21, 2007, 8:40am   #8
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Quote:
I have a friend who cycles about 15 miles a day, to work and back. He thinks I am a risk taker because I trade.
My best mate / best man is in the RAF Hercules Squadron that picks up the Special Forces from the dirt airstrips of all the world's most dangerous places, Iraq, Sierra Leone, Afgan. etc

HE THINKS I HAVE BALLS OF STEEL TRADING THE MKTS FOR A LIVING !

If I have a bad day in front of the pc at least I am alive to eat my supper and have a couple of beers..............
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