Module 1 / Lesson 1
Introduction to Normal Risks
Lesson Goals
- Define what we mean by "risk" in everyday life
- Explore key dimensions of risk: frequency, severity, and scope
- Understand how risk perceptions and preferences differ
- Introduce main types of risk management strategies
- Lay a foundation for understanding existential (x-) risks
Lesson guide
- Read Lesson 1.1: Describing Risks • What is a risk, and how do frequency, severity, and scope apply to everyday events?
- Read Lesson 1.2: Risk Perception, Risk Attitudes, and Risk Management • Why do people see the same risk differently?
• How do risk perceptions and preferences shape behavior? - Read Lesson 1.3: Categories of Risk Management Strategies • What are the main ways to manage risk before and after loss?
- Read Lesson 1.4: Definition of Existential Risk • What makes a risk "existential"?
• How do perceptions and preferences differ for x-risks, and what are some examples?
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