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When one assumes a risk one could have chosen not to assume, who's culpable for the outcomes?

When one assumes a risk one could have avoided, who's mostly culpable for the outcomes?

  • Adverse outcomes --> The risk taker

    Votes: 7 33.3%

  • Adverse outcomes --> Others

    Votes: 0 0.0%

  • Adverse outcomes --> The risk taker and others

    Votes: 0 0.0%

  • Favorable outcomes --> The risk taker

    Votes: 3 14.3%

  • Favorable outcomes --> Others

    Votes: 0 0.0%

  • Favorable outcomes --> The risk taker and others

    Votes: 0 0.0%

  • All outcomes --> The risk taker

    Votes: 15 71.4%

  • All outcomes --> The risk taker and others

    Votes: 1 4.8%
  • Total voters
    21
Xelor said:
Straightforward question. I don't care how you arrive at your answer, I'm merely curious to learn folks answer.

[Give me a moment or two to get the poll created.]
Click to expand...
The answer in all cases depends on the how well the involved parties understand the risks and rewards involved.

If someone misleads another into taking a risk without fully understanding it, the result is the fault of they who misled.
If someone understands a risk and takes it, the result is the risk takers fault.
 
The Mark said:
The answer in all cases depends on the how well the involved parties understand the risks and rewards involved.

If someone misleads another into taking a risk without fully understanding it, the result is the fault of they who misled.
If someone understands a risk and takes it, the result is the risk takers fault.
Click to expand...

I see where you are coming from, and surely understand Ponzi. I still maintain that I am responsible for myself. If I get a win great! If I get screwed, that too is a result I ought to have factored.. That may be why I make sure all of my investments are secured by third parties. It is unfortunate, but so, that I may make less, but sometimes greed is misplaces judgement. Yes?
Regards,
CP
 
concernedpuma said:
No one wants to accept risk. That is what drives interest rates. Some money will. It just has to be a fair gamble for the loaner to take the risk, isn't that so?
Regards,
CP
Click to expand...

Interest rates are not an indicator of risk. Big banks are back stopped by the government. Too big to fail, remember. So they loan money all the time to people who don't really qualify. That's what the 2008 melt down was all about. Besides, interest rates are influenced much more by where the Federal Reserve pegs it at. And "risk" is not part of their computation; they want higher rates now so they can cut them again next down turn. And they want inflation. Risk has nothing to do with it.
 
Lursa said:
The person undertaking the risk as long as they were properly informed/supported when they took the risk...there are consequences associated with even the right choices sometimes. (in other words as long as they werent cheated/lied to or a product was not malfunctioning or not up to standards)
Click to expand...

Red:
I concur with the general theme of your remarks; however, I suspect you and I have differing views as go the "red" portion of them.

I believe it is the risk taker's burden to inform him-/herself about the nature of the undertaking under consideration as well as about the influencing/controlling parties to it.

Two examples of the many that exist:
  • If one's buying a product about which one gives a damn about how long it lasts without ceasing to function as per the maker's assertions, it's one's burden to research the maker and determine his/her product's track record and the maker's track record as goes resolving defects/disputes.
    • If one doesn't much care how well or how long the item performs so long as it performs adequately, one need not do such research.
  • If one is considering entering into a "deal" of some sort with another whereby one must to some degree trust the other party to the "deal," it's one's own burden to research the other party's character and past behavior to determine whether their behavioral habits meet one's expectations. If the person's character isn't concomitant with what one demands, or is indeterminable given the information to which one has access, prudence advises one find a different partner with whom to "deal." One must do that because it's unlikely that person is going to change.
    • Even though it's "your" pet cat, it can still scratch/bite you and it's likely that it will and "you" will, in turn, bleed. Why? Because it's a cat and cats have claws and teeth and know how to use them in a variety of ways. If that bothers "you," "you" probably shouldn't have a cat as a pet. If that doesn't bother "you," "you" need only treat the cat such that it's not moved to scratch/bite one "badly." It's no different with people; it's just that human behavior/psychology is, at times, more complex than is felines'.
 
Waddy said:
Interest rates are not an indicator of risk. Big banks are back stopped by the government. Too big to fail, remember. So they loan money all the time to people who don't really qualify. That's what the 2008 melt down was all about. Besides, interest rates are influenced much more by where the Federal Reserve pegs it at. And "risk" is not part of their computation; they want higher rates now so they can cut them again next down turn. And they want inflation. Risk has nothing to do with it.
Click to expand...

I must disagree. I know how interest rates are set, but consider Credit scores and the affect they have on you and I for large dollar loans, or even credit card interest rates. I believe that higher risk = higher interest rates.
Regards,
CP
 
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