What’s your decision-making philosophy? Do you toss a coin, or do you consider all the risks of your decisions? As a quality professional, you've probably developed a well-thought-out approach to decision making and risk management. But have you considered how other people’s decision-making philosophies may be very different from yours, and what it can mean for your professional and financial life?

Let’s say there’s a game with a 51-percent chance that you can duplicate Earth, giving yourself two Earths and all the value that might entail—or a 49-percent chance that it all disappears. Would you play that game? And would you keep on playing it, double or nothing?

The vast majority of us wouldn’t risk playing that game even once. After all, it seems morally atrocious to take a 49-percent chance on all of human civilization disappearing for a 51-percent chance of doubling the value of our civilization. That's essentially a coin flip.

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