Risk averse parents……….apparently not in Lisbon, Portugal

Kindadukish's Blog - I am not a number, I am a free man (The Prisoner)

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You knew it, didn’t you? Over the last 20 years, adults (both teachers and parents) have been on a track to eliminate failure and risk from our children’s lives. We are afraid our kids are too fragile, and may diminish their self-esteem, or worse, their happiness if they take risks.

Well, I have news for you. It didn’t work.

“Children of risk-averse parents have lower test scores and are slightly less likely to attend college than offspring of parents with more tolerant attitudes toward risk,” says a team led by Sarah Brown of the University of Sheffield in the UK. Aversion to risk may prevent parents from making inherently uncertain investments in their children’s human capital; it’s also possible that risk attitudes reflect cognitive ability, the researchers say.” The Harvard Business Review (link is external) posted this report, but alas, it won’t help us unless we do something about it…

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