COVID PANDEMIC AND LOCKDOWNS, BABY-BOOMER STYLE PART 4
Are you looking forward to The Big Decision?
Namely, what actions will Baby Boomers take after a large portion of the population is vaccinated, Covid cases are significantly decreased, and lockdown restrictions are lifted?
- Resume pre-pandemic lockdown lifestyle
- Continue lockdown lifestyle
- Wait and see
One way to decide is to conduct a risk assessment, i.e. weigh benefits vs. risks, as follows:
- Identify favorite activities and behaviors you determine have benefits (rewards) that outweigh risks.
- Identify favorite activities and behaviors you determine have risks that outweigh benefits (rewards).
In essence, what do you value strongly enough that is worth possible consequences? What is not worth possible consequences?
Which of the following matches what you value and also your level of risk tolerance:
- Do you place value on resuming all activities and behaviors enjoyed pre-lockdown? Do you place heightened value on fulfilling wish lists and emptying bucket lists before time (life) runs out? What benefits outweigh what risks?
- Do you value 'doing whatever is necessary to survive?' Do you believe the benefits of (non-guaranteed) protection from Covid and/or other illnesses are worth the risks (hardships) of choosing self-imposed lockdowns, for an indeterminate amount of time?
- Do you choose moderation by limiting activities, as well as reducing bucket and wish lists? Will you categorize activities and items on lists according to perceived benefits that outweigh perceived risks? What will you place on hold? What will you completely abandon?
There is no one-size fits all level of risk tolerance.
There is no correct timetable to conduct risk assessments.
Trust your commonsense to do what is best for you.
Most of all, rely on your aging Baby Boomer-wisdom to guide the benefits vs risks decision-making process.