The role of leadership demands an ability and willingness to take risks, which is one reason that leaders are relatively scarce. Much research has documented that humans are risk averse; a trait that had significant survival value in the dangers we faced in the early history of our species. That aversion may not be helping you and yours in what is now a very different world.
Research has shown, however, that there are circumstances when we are more likely to take that big risk. This short article from the Kellogg School at Northwestern asks “When Do People Take Huge Risks?” The answer may lie in the size of the bet you’re asking them to take.