How to manage risk better (Behavioral Economics) @PeteJudo1
How to manage risk better (Behavioral Economics)  @PeteJudo1
Uploaded May 2021 | Updated September 2026, 3 weeks ago
(feat. Christian Hunt) To get ahead in life, you need to take some risks. But what risks are too much? How do you tell? And how can you minimize the risk of things going wrong?

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Thanks to Christian Hunt for helping me with this video!
Human Risk: human-risk.com
Christian's Podcast: human-risk.com/podcast

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More Pete outside YouTube:
Twitter: @petejudo
Instagram: @petesbitsofficial
LinkedIn: Peter Judodihardjo
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Hey guys, if you enjoyed this video please give me a thumbs up I would really appreciate it. Got ideas for future videos? Let me know in the comments below!
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Risk-taking is a deep and complex area of decision-making, and we only scratched the surface in today's video. Some topics that didn't make the final cut:
- Was the response to COVID risk-appropriate?
- Risk preference is not a stable trait, it's context-specific.
- Some personality types are slightly more risk-seeking than others
- The importance of a safe space to own up to mistakes. If your company is run as TOO tight a ship, then people don't own up to their mistakes. That is riskier.

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Thank you all so much for the support. Behavioral Economics and Behavioral Science is such a great evidence-based community to be a part of right now. What is really amazing is the ability for us to use insights from psychology for self-development and productivity purposes. Delivering actually scientifically backed advice that will legitimately improve your life, not just give advice based on opinion like many other productivity 'gurus' on the internet. Understanding HABITS is really key. There is so much misinformation about habits out there, and we have good data to justify why these poor pieces of advice are incorrect. If you want real tips on how to build strong, healthy habits and break unhealthy bad ones, subscribe to my channel for actual evidence-based advice. As well as lots of other fun and thought-provoking behavioral economics content! Thanks!


Sources:


nature.com/articles/srep08242


researchgate.net/publication/308923896_Risk_management_a_behavioural_perspective



wired.com/2007/03/security-matters0322


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How to manage risk better (Behavioral Economics)

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