What makes a decision responsible?

Shane at Farnam Street points readers to Frankel:

“A decision is responsible,” wrote Charles Frankel, “when the man or group that makes it has to answer for it to those who are directly or indirectly affected by it.”

A great example of this is Hammurabi’s Code:

If a builder builds a house for a man and does not make its construction firm, and the house which he has built collapses and causes the death of the owner of the house, that builder shall be put to death.

That is the best risk management rule ever. If you have the upside, you have to keep the downside.

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