

There's a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.
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This is how civilizations decline. They quit taking risks. And when they quit taking risks, arteries harden. Every year, there are more referees and fewer doers. When you've had success for too long, you lose the desire to take risks.
If you punish people too much for failure, then they will respond accordingly and the innovation you will get will be very incrementalist. Nobody's going to try anything bold for fear of getting fired or punished in some way. The risk/reward must be balanced, in favor of making bold moves.
My view is that at a younger age your optimism is more and you have more imagination etc. You have less bias.
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