Thursday 16 February 2012

Rewards for success. Punishment for failure.

In banking, rewards are awarded for successful risk-taking. The very nature of risk is that the outcome is open to chance. If we reward success, we are rewarding good luck, not good judgement.
Every day, careless drivers avoid accidents by a stroke of luck. Other drivers (perhaps less careless, but unlucky) cause somebody's death and face imprisonment.
Is this fair?

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