High Risk or Low Risk? An Open Exercise
Here’s the scenario: you have a bunch of experts sitting in a room, trying to make a big decision about which of TWO proposed scenarios to accept. One proposal is lower risk, and one is much higher risk. ONLY ONE has the potential for an outcome to fall above the “threshold for a brighter future” – which is kind of (sort of) important in a visceral sense, but not so important that it disqualifies the lower risk proposal.
What would you do? How would you approach the decision making task in this case? How might you approach social and political concerns here (political meaning the politics of institutions in general, not necessarily the government)?
Note: This example is BASED ON A TRUE STORY and a real conversation in a panel of experts! All characters, fictional and otherwise, have been modified to protect the innocent.