I was never really conscious of being a big risk taker when I was younger, although I ended up in urgent care facilities more than average, have woken up to medics and oxygen masks, etc. All growing up my parents made me take extra safety precautions that even my siblings did not have to do take -- helmets while skiing, mouthguards for sports, elaborate buddy systems, and emergency contact information on my person at all times. All my instructors and guides would laugh when my parents warned them to keep an eye out for me. I was a bit of a daredevil, but it was more than that -- I would often take risks that people wouldn't even have considered to be an option, wouldn't have predicted the need to warn me about.
It makes me wonder, are sociopaths risk-seeking or risky? Risk-seeking would mean that they are willing to take bigger risks for bigger payouts. For instance, between two choices of a 100% chance of winning $10,000 or a 1% chance of winning a million, a risk-averse individual is more likely to choose the former and a risk-seeking individual is more likely to choose the latter. The difference between the two becomes more stark when losses are involved, for instance a 1% chance of losing a limb vs. a 100% of breaking a limb. Which would you choose? A risk-seeking individual is more likely to choose the small chance of losing a limb and a risk-averse individual is more likely to choose the certainty of breaking a limb.
In contrast, a risky person takes illogical risks just for the sake of risk. For instance, a risky person might choose a 1% chance of winning only $500,000 rather than a 100% of winning $10,000. Likewise, a risky person might accept a 3% chance of losing a limb rather than the certainty of breaking a limb. A risky person may behave this way because (1) they are incorrectly assessing the risks and payouts involved, (2) they are correctly assessing the risks, but get some other benefit from the risk itself (i.e. psychic benefit from the risk itself), or (3) a mixture of 1 and 2.
Of course most choices we make are not as simple as 100% of $10,000. Even for a choice where you are certain you will either lose a limb or break it, everyone will value their own limbs differently and in different situations. Assuming two people are similar in every way but one is a sociopath and the other normal, I wonder what exactly would make them different when it comes to risk.
It makes me wonder, are sociopaths risk-seeking or risky? Risk-seeking would mean that they are willing to take bigger risks for bigger payouts. For instance, between two choices of a 100% chance of winning $10,000 or a 1% chance of winning a million, a risk-averse individual is more likely to choose the former and a risk-seeking individual is more likely to choose the latter. The difference between the two becomes more stark when losses are involved, for instance a 1% chance of losing a limb vs. a 100% of breaking a limb. Which would you choose? A risk-seeking individual is more likely to choose the small chance of losing a limb and a risk-averse individual is more likely to choose the certainty of breaking a limb.
In contrast, a risky person takes illogical risks just for the sake of risk. For instance, a risky person might choose a 1% chance of winning only $500,000 rather than a 100% of winning $10,000. Likewise, a risky person might accept a 3% chance of losing a limb rather than the certainty of breaking a limb. A risky person may behave this way because (1) they are incorrectly assessing the risks and payouts involved, (2) they are correctly assessing the risks, but get some other benefit from the risk itself (i.e. psychic benefit from the risk itself), or (3) a mixture of 1 and 2.
Of course most choices we make are not as simple as 100% of $10,000. Even for a choice where you are certain you will either lose a limb or break it, everyone will value their own limbs differently and in different situations. Assuming two people are similar in every way but one is a sociopath and the other normal, I wonder what exactly would make them different when it comes to risk.