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risk perception

Life on the edge

by Carl Frederik Waage Beck on marts 20, 2010

Given the choice between receiving 5 dollars with certainty OR receiving a free lottery ticket with a 1/1000 chance of winning 5000 dollars, which would you choose?

Given the choice between paying 5 dollars in parking fee OR risking a 1/1000 chance of paying a parking fine of 5000 dollars, which would you choose?

Given the choice between keeping your decent paying dayjob OR joining that new startup company which may land a 20,000,000 dollar IPO in 1 year, which would you choose?

Given the choice between leaving your decent paying dayjob for 1 year OR risk missing out on the 20,000,000 dollar IPO, which would you choose?

Risk perception is different for gains and losses. For this reason we often prefer uncertainty when faced with gains but certainty when faced with losses.

The only way to get around this is to frame the same dilemma in a different way. How do you frame your life?
Are you comfortable with the choices you have made if you present them to yourself in a different way?

In the dilemma above, feel free to replace IPO with: travelling the world, becoming a stay-at-home parent, getting creative, taking up acting, building houses in Haiti etc. etc.

Enjoy “The life of the artist” below: the second in a series of 3 paintings.

“The life of the artist” from Artworks by Carl Frederik Waage Beck

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Into the void

by Carl Frederik Waage Beck on marts 17, 2010

If you’re wondering why I haven’t been posting on the blog during the last few weeks, well it’s because of the two little wonders Victor and Carla who are now sleeping like angels in the bedroom :)

Which leaves me a few minutes to post the latest painting in a series of 3 that I did find time (somehow miraculously) to make a the other day.

I have been working with some new ideas on perspective and these paintings are an effort to keep it neat and clean. No fuzzy throwing around with paint this time folks!

The inspiration for these paintings comes from my childhood memories of Lego ads. These ads were always showing a scene with a myriad of little legomen inhabiting a toyworld of plastic trees and houses. Everything was always clean and immaculate. Nothing left to chance.

So in a leap from what I have been doing previously, namely letting order emerge from disorder, portraits emerge from little random splotches of paint, I felt like tightening things up a bit.

The painting “Into the void”, is my take on what it means to reject 9-5 and embark on that creative journey that so many of us long for. It’s a crasy thing to do, no signposts, no safetynet, but what about the alternative?

The perception of risk changes according to your situation. In my case, what it took to get real about the art, was a kick in the ass and 6 months of pay. What do you need to take the leap?

Enjoy!

Into the Void from Artworks by Carl Frederik Waage Beck

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