Risk vs Loss

This article discusses the fact that how you frame something changes how people react. One statement jumped out at me:

 “People are willing to gamble [risk] — but usually only when the gamble [risk] can avoid losses.” 

This is so true; we’re far more likely to take a risk to not lose than we are to gain something. If something is seen as risking to avoid losing, we react differently than if it’s seen as risking to gain something. This means, for instance, that we’re willing to risk more to not lose $300 we have than we will risk to gain $300 we don’t have.

What does this have to do with marriage? We will risk more when we think we’re in danger of losing something in our relationship than when we stand to gain something. This makes the status quo a big deal – we will risk to maintain the status quo, but we’re less likely to risk to improve our situation. Think how odd this is – if we have something we enjoy in our marriage, we will risk to keep it, but if we don’t have that thing, we may not risk to gain it. Why? The results of the two are really the same. Our aversion to loss results in choices that aren’t that logical when we really look at them. It also can keep us from a better marriage, as we desperately refuse to risk anything we have, no matter how poor it is or how far it might be from what we want.

I suspect we react the same way to the amount of effort needed to gain versus not lose something. So, for example, a man who feels respected by his wife is probably willing to do more to maintain that than he would be willing to do to gain it if he didn’t feel respected. Likewise, a man with a sex life he is happy with is going to do more to keep that than he would do to gain it if he didn’t have it.

Perhaps the way to look at things we don’t have is to think about what we would be willing to do to keep that thing if we had it. Shouldn’t we be willing to do the same thing to gain that thing that we would do to keep it?

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3 Comments on “Risk vs Loss

  1. I again 100% and did not understand that until recently. Then I made a decision to take a huge risk in my marriage to make for it a better – God desired marriage. The risk was so huge, my wife could have decided to walk away. Instead, we are both working on the process of making it so much better than it was – and it was not bad by any standard. I knew God had something better and because I wanted what God had for me so much, I was willing to take the risk.

  2. Yes and Yes! This is a very real truth you are describing here. And I will add that sometimes when you risk to gain, you will loose. I decided to risk to gain in my previous marriage and lost. She left me because I would no longer play by ‘the rules’ and admit that all the problems in our marriage were my fault. But, the story wasn’t over, even though it felt, for a time, like it was. I gained a lot of insight about myself from that risk-taking and with that improved understanding I was able to attract to myself a good woman who is truly a pearl of great price.

    What do they say in the gym? “No pain, no gain”?

    So be good, just as you were created to be!

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