While it is true that risk and reward are closely intertwined, it is not necessarily the case that “the larger the size of the occurrence’s reward must be for the outcome to be willingly pursued” when the desired outcome’s occurrence is uncertain. Not all individuals respond to risk in the same way, and research has shown that many people are not actually risk averse.
In fact, it has been demonstrated that people who are more risk-seeking actually have higher expected utility, meaning that they are willing to take on larger risks in order to receive a greater reward. This suggests that the size of the reward may not be the only factor that influences an individual’s willingness to pursue a desired outcome; other factors such as an individual’s risk tolerance may also be important.
Furthermore, it is not always the case that an individual will only pursue a desired outcome if the reward is larger; an individual may be willing to pursue a desired outcome even if the reward is smaller, depending on the individual’s own risk preferences. For example, an individual may be willing to take on a smaller reward if the risk of the desired outcome is lower.
In conclusion, while it is true that risk and reward are closely intertwined, it is not necessarily the case that “the larger the size of the occurrence’s reward must be for the outcome to be willingly pursued” when the desired outcome’s occurrence is uncertain. It is wrong to assume that the size of the reward is the only factor that influences an individual’s willingness to pursue a desired outcome; other factors such as an individual’s risk tolerance may also be important.
