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Advantages and disadvantages of risk
Risk taking behavior conclusion
Advantages and disadvantages of risk
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Taking risks is a difficult and frightening thing to do. Taking risks can have some very horrible consequences ,but it can also have uplifting benefits. The nasty thing about risks is how random it can be. For example, my father and I were playing poker with my grandparents. Effectively, we got a bad card deck ,however, we decided to bluff people out.Consequently, the risk we took by not folding got us to lose money. To summarize, taking risks can potentially work against you in many ways. Risks can be a very generous thing towards people. For instance, when I was a goalkeeper, I used to do penalty blocks. In effect, I had to predict where I had to throw myself. As a result, on one game we had penalty shootouts, so when it was my turn to
A successful person will always promote the taking of risks because a lot of times the best things in life happen when we feel scared and vulnerable. When risks are involved there is a great probability of failure. Failure is not necessarily a bad thing. Failures serve as learning experiences. Experiences where you can dissect what worked and what didn't work. But Gawande explains how, "the only failure is the failure to rescue something." He explains how risks are essential, but at the same time risks must be taken with a careful eye. The careful eye being that one must be able to distinguish when something has gone array and being able to control the situation. If you take a risk and things do not go as planned, this doesn't mean it’s a failure just yet. You must be able to adjust and attempt to rescue it. I took the risk of cheating. This does not mean it’s a failure just yet. I've become aware that things have not gone as planned. I have acknowledge that there is a problem. My job now is to change my current situation and attempt to rescue it. My situation should only be considered a failure, if and only if, I am unable to rescue and change my cheating
Everyone has taken risks whether they be big or not, they will lead you down the path you choose in life. In the short stories Beowulf, Black Heart, and The Deep taking risks was a big part in all three. In Beowulf, there is many risks that he took, but the main one was that he risked his life to save the people that he loved. In the second book Black Heart by Mark Brazaitis, the girl risked her life to make friends with something she knew could kill her because she was so lonely. In the final book, The Deep by Anthony Doerr the main character made risks every day because he never knew if he was going to wake up to see the next.
The idea of taking risks appeal to most people, but what is actually learned from the act of risk taking? In the two readings, “Breaking through Uncertainty –Welcome Adversity,” by Jim McCormick, and “Neighbours,” by Lien Chao, the benefit derived from taking risks is explored. In McCormick’s article, a parachuting jump mishap leads to his revelation that confidence and certainty can be found. Chao’s short story deals with Sally befriending an elderly couple and joining them for Canada Day celebrations, and along the way realizes what’s important to herself. Though “Breaking Through Uncertainty –Welcome Adversity,” deals with a life saving risk, “Neighbours” is more about a personal risk, something that demonstrates much greater benefits as personal satisfaction.
Humans are born with pursuits: some search for fame, some go after money, some seek achievements in professional fields, and some only wish their lives to be content . If one wants to become content with life, one should alter one’s old ways of living and embrace new things. Both in Cathy Jewison’s The Prospector’s Trail and Eva Lis Wuorio’s The Singing Silence, the main characters used to be dissatisfied with life. In search for true happiness, they begin to try things that they have never experienced before. At the end, the two protagonists find that their new activities can bring them happiness, and they start to live satisfying lives.
Taking a risk is something very few people are willing to do. If you think about it all the greats had to take a risk before they succeed in anything. In The Odyssey, Odysseus takes a huge risk fighting in wars, trying to get back to his beloved Penelope. Much like Vincent Willem van Gogh , A painter, who took huge risks living off of his art, but now he is One of the greatest painters of all times. They both risked their lives to succeed in something great.Van Gogh could have gone broke and starved to death Odysseus could have died at sea or in war. People take risks every time they get up and present a paper or show people there art work. You could mess up, but you also could succeed. This quote from book twelve, “ But as I sent them on toward
We all know that staying safe will keep us alive, but it is a boring way to live. The biggest regret a person can have is never trying what they always wanted. As mentioned before, time never stops, so it is crucial that they act now. We fight a battle before we are even born against millions of others to see who will get to the egg first and be fertilized and born. We did not come to this world to just be safe and to be afraid to do new things. We all have a reason to be here and the journey of life is to find our purpose in life. It is what makes life so great, but to get their we must take risks and overcome that fear. People are afraid of taking risks because of failure. They are afraid to fail and not get anywhere. However, that fear can be overcome is they keep pushing and keep trying and keep taking risks. Taking risks will get a person out of their “safe” comfort zones and the result of this can be something so
When a count is positive, or high, then the player should bet more, because they have higher odds of getting a good card, and therefore winning. When the count is negative, bet lower. How card-counting works is that players keeps track on what cards are already dealt, and what cards are left. Small valued cards are bad for players as they often either lead to busting or not having a hand high enough to beat the dealer. In the other hand, high valued cards like 10 and aces are good for the players as they have a higher chance of getting a blackjack or starting off with a good initial hand. Because of that, when small cards are dealt, the count rises, and when big cards are dealt, the count decreases. In other words, when bad cards are dealt, players should bet more and vice versa.
Texas Hold’em “Learning without thought is labor lost; thought without learning is perilous,” Confucius. How do people learn? A common answer is: from their mistakes. What happens when you are in a situation that has risk in it? How do you cope with the fact that you can make the wrong choice and mess up?
Another reason persevering can be hard is because sometimes you need to take risks. Taking risks can be very hard and
Risk taking is considered an everyday staple of life and a major part of growing up. When we limit the risks we take in our lives we also limit the capabilities those risks present, such as encountering new experiences and situations that improve us as human beings. Risk taking is imperative to personal growth and when discussed in good context it seems harmless, however that is only a half truth. To say risk taking is always safe is completely incorrect and sometimes these risks are often unsafe and not thought out. This essay addresses the following question, why do teenagers engage in this form of unhealthy risk taking? I will also be discussing whether or not certain groups are more at risk and any known strategies to make teenagers aware
To take a chance, one is accepting the possibilities of what could happen from the choice they have made.
Not every event has a guaranteed outcome- sometimes, one has to take a gamble in the game of life. There are some, however, who would prefer to travel within the safe, confined lane of actions with a definite outcome. Deciding whether or not to take risks in life can be tricky, but as Ralph Waldo Emerson once said, “Do not be too timid and squeamish about your actions. All life is an experiment.” This quote means that people should take risks in their endeavors, because life is precisely about trying new things and experiences. As the quote explains, taking risks in life is a vital step to success, fulfillment, and gaining more out of experiences.
People usually afraid of failure because they tried to do something and failed, or took a risk and it didn’t pay off, or made a decision and it turned out to be the wrong one. That fear of failure create the stress and anxiety when people want to do something hard or try something new. Just because you tried something two or three time and failing does not mean the entire idea is a mistake. Do you expect to get a Blackjack on every game that you played? That would be an impossible thing to do. There is no success that comes without failure, where failure is experiences and lessons that help you to perfect your works. People should overcome their fear of failure and use failure as a tool to work toward their success because failing is so important
Have you ever been faced with a decision that you knew what you should have done but chose differently? At one point in a person’s life, everyone experiences making a risky decision, and depending on the decision it may play out in favor of what that person was hoping for, other times not. The studied performed is called Risky Decisions and it takes into account the idea of a framing effect where an outcome of a decision can almost be predicted based off of the wording (Kahneman and Tversky, 1982). The point of this experiment is to discover if people take risks that involve any type of gain if loss is a possibility opposed to the idea of risk aversion when there are only gains. “Risky” has different definitions depending on the person that is asked and how the context is framed, but it all breaks down to the expected utility theory based off of the idea that if a person has relevant information they will make a decision based off of the maximum expected utility (Goldstein 2011). Utility normally refers to monetary value, but other factors such as emotions, stress, and even video games can lead to an individual making risky decisions to experience a better payoff in the end because people feel the need to justify their decisions to others.
According to me, if I want to achieve something I might face some risks so, risks are natural phenomenon that will come in each and every phase of personal and professional life. Everything comes with its cost so, we should be ready to take some risks in our lives to attain something good in our personal and professional life. Risk in ethics is the circumstances where the outcome of possible course is not known. In life there are many decisions automatically taken under risk while sometime I think many times before taking a risk. Sometimes due to lack of knowledge, decisions may take us to greater extent of risk. It’s my personal opinion, that every person on this earth aspects the risk but probability varies.