Do unknown and unrealized risks of harm diminish an individual’s well-being? The traditional answer is no: that the security of prudential goods benefits an individual only instrumentally or by virtue of their subjective sense of security. Recent work has argued, however, that the security of prudential goods non-instrumentally benefits an individual regardless of whether or not they enjoy subjective security. In this paper, I critically examine three claims about the way in which unknown and unrealized risks of harm might diminish individual well-being: (i) it frustrates a desire to be secure, (ii) it frustrates the enjoyment of modally-robust goods, and (iii) it undermines the ability to make reasonable plans. Ultimately, I argue that all three of these hypotheses are mistaken, but that they deepen our understanding of the ways in which subjective security is an important constituent of individual well-being.
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