This is a good insight that has wide application. For example in the context of investing: every portfolio is always fully invested, even 100% cash which runs the risk of not meeting the investor's goals.
However it's not always true in all contexts. For example in formal games, there may be a no-risk path to victory for you, where every move can be dominant. In this sense there is no risk in taking those dominant moves to win the game.
Indeed. Wise decision for everyone else too.