There are, I guess, only three reasons why people survive: anything. They risk, they don’t, or someone else takes a risk for them
Only one reason, however, takes us forward; brings about the change – a tiny contribution to evolution. By the ones, who are willing to risk it, fight for it. It is all a Risky Business, according to the Gypsy, and I agree.
And critically so, even before the risk is taken – there has to be a purpose behind the act itself. That purpose, then guides the “risk management”. Why you take a risk is more important than taking the risk.
Is calculated risk, therefore an oxymoron? How do we calculate and plan the unknown? What is the value of chance? And anyways, if we are calculating something (anything), is it a risk at all? Taking a calculated risk is determined by whatever abstract result that you get out of that calculation.
Not by the purpose of a decision.