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Part Two: How Do You Make Decisions? > Are You a Risk Taker?

Chapter Five. Are You a Risk Taker?

For each of the following situations, indicate the minimum odds of success you would demand before recommending that one alternative be chosen over another. Try to place yourself in the position of the central person in each of the situations.[1]

  1. Ben, a 45-year-old accountant, has recently been informed by his physician that he has developed a severe heart ailment. The disease is serious enough to force Ben to change many of his strongest life habits—reducing his workload, drastically changing his diet, and giving up favorite leisure-time pursuits. The physician suggests that a delicate medical operation could be attempted, which, if successful, would completely relieve the heart condition. However, its success could not be assured, and, in fact, the operation might prove fatal.

    Imagine you are advising Ben. Listed below are several probabilities or odds that the operation will prove successful. Check the lowest probability that you would consider acceptable for the operation to be performed.


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