assuming I am not risk-averse—but if I am, then I’m not going to be the one trying the high-variance strategy anyway
But, of course, everyone is risk averse in almost every resource. Even the most ambitious startup founders are still risk averse in total payment, just less so than others. I care less about my 10th million dollar than any of my first 9 million dollars, which already creates risk aversion. The same is true for status or almost any other resource with which you might want to reward people.
But, of course, everyone is risk averse in almost every resource. Even the most ambitious startup founders are still risk averse in total payment, just less so than others. I care less about my 10th million dollar than any of my first 9 million dollars, which already creates risk aversion. The same is true for status or almost any other resource with which you might want to reward people.