Unintended consequences are nearly impossible to avoid, as demonstrated by the author's experience losing 80% of their capital on a stock trade due to an unforeseen suspension filing by the company. As citizens and leaders, it is important to be aware of unintended consequences, as even small individual actions can have far-reaching, unanticipated effects on others, such as when an OFW violated quarantine restrictions and unintentionally spread COVID-19, negatively impacting many people's jobs and livelihoods. Knowing the nature of unintended consequences is vital, especially during difficult times, so that decision makers consider how their choices could reverberate throughout complex systems.
Unintended consequences are nearly impossible to avoid, as demonstrated by the author's experience losing 80% of their capital on a stock trade due to an unforeseen suspension filing by the company. As citizens and leaders, it is important to be aware of unintended consequences, as even small individual actions can have far-reaching, unanticipated effects on others, such as when an OFW violated quarantine restrictions and unintentionally spread COVID-19, negatively impacting many people's jobs and livelihoods. Knowing the nature of unintended consequences is vital, especially during difficult times, so that decision makers consider how their choices could reverberate throughout complex systems.
Unintended consequences are nearly impossible to avoid, as demonstrated by the author's experience losing 80% of their capital on a stock trade due to an unforeseen suspension filing by the company. As citizens and leaders, it is important to be aware of unintended consequences, as even small individual actions can have far-reaching, unanticipated effects on others, such as when an OFW violated quarantine restrictions and unintentionally spread COVID-19, negatively impacting many people's jobs and livelihoods. Knowing the nature of unintended consequences is vital, especially during difficult times, so that decision makers consider how their choices could reverberate throughout complex systems.
Unintended consequences are nearly impossible to avoid, as demonstrated by the author's experience losing 80% of their capital on a stock trade due to an unforeseen suspension filing by the company. As citizens and leaders, it is important to be aware of unintended consequences, as even small individual actions can have far-reaching, unanticipated effects on others, such as when an OFW violated quarantine restrictions and unintentionally spread COVID-19, negatively impacting many people's jobs and livelihoods. Knowing the nature of unintended consequences is vital, especially during difficult times, so that decision makers consider how their choices could reverberate throughout complex systems.
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1. Why do you think unintended consequences happen?
Give examples based on what you yourself have seen or experienced. How do you think these unintended consequences have been prevented? I believe unintended consequences happen whenever things are not 100% in our control. Unintended consequences could be positive or negative as it depends on the situation. Sometimes, luck takes part with these consequences. For example, as a stock trader, it is my responsibility to minimize the risks of my trades. However, unintended consequences are nearly impossible to avoid. I spend nights studying the market and creating my watchlist of stocks for my trades. I also studied the different technical analysis tools that could help me minimize the risks from trading. But there were many times that even if I prepared everything for a certain trade, there are still unintended consequences that might happen. In a certain instance, I projected a 20% gain from a stock last October. I was confident and accepting that the only consequence that I could bare would be the price action going down 5% below my capital. However, I was not aware that the stock company I traded in would be suspended and would file a stock price change. I ended up losing 80% of my capital for that stock. I also realized that is the only trade I did without considering the fundamentals. It is when I understood that making a one change within a complex system, can cause unintended consequences. From that, I learned that even if we tried to minimize the risks of having unintended consequences happen, the chances would be low, but it is never zero.
2. How does knowing about the nature of unintended consequences affect
you as a Filipino citizen? As a leader? I believe knowing the nature of unintended consequences is very important especially as these trying times. We should be open to every possibility that could affect not only our life but also to many others. For example, in a very recent and timely news of an Overseas Filipino Worker that infected a lot of people by violating the quarantine protocol. The girl violated her quarantine restrictions and went to party in different bars on población. She underestimated the virus that she thought she didn’t have it. Little did she know that her actions could create multiple unintended consequences. Just because she wanted to party, these things have happened: many people lost their jobs, her friends got sick, there was a rampage of cancel culture in social media, establishments in threat of closing, and many more. Just because of one action. We always take good things for granted especially when it benefits us. Just because the covid cases were lowering down in the country doesn’t mean the threat is done. Many people failed to realize that our actions create a chain reaction. As a leader, it is very important to know the nature of unintended consequences because we are the ones making the big decisions that could affect the group. We should weigh in the consequences that could arise by making certain decisions.
