The Necessity of Taking Calculated Risks

Risk for most people is an accepted part of everyday life e.g. catching a bus or walking to the shop etc... will carry some element of risk. Risk is associated with our health, safety, security, well being, employment, education, daily activities, using resources and equipment and community participation. Some adults such as those who are disabled or who are older are usually discouraged from taking risks with their budgeting, planning, employment and their daily living skills usually because people fear for their limitations or that they might hurt themselves or others. Everyone has the right to take risks and make

Without a certain amount of risk taking nothing could be achieved, this is because even the food that we consume on a daily basis could have a negative impact on our lives. The opposite side to this are the benefits that come from taking little risks every day, these may include how we get to work in the morning, what we choose to take part in within an activity or even how hot we like our bath water. If no risks where taken the general population would not leave their bed for fear of something bad happening, if small risks are taken there is the possibility

Risk is defined by the probability of injury, harm, loss or danger. We all take risks every day, and don’t even think about implications.

Anybody who takes a full role in society takes risks: crossing the road, using a bus, driving a car, and talking to people they do not know. Risk may be physical (injury and accident), emotional (humiliation, sense of failure), or mental (stress).

The idea of “risk” is used in many fields and industries. There has been large efforts made towards the understanding of risk. Since, risk varies so much depending on the field of study, the need for learning about it is warranted. As can be imagined, the importance of risk in a market economy is crucial. In the 1990s, JP Morgan made the Value at Risk (VaR) a central component of its work efforts (Cecilia-Nicoleta, Anne-Marie, & Carmen-Maria, 2011).

“In the end we only regret the chances we didn’t take.” - Lewis Carroll. The quote discussed is Jack London “The proper function of man is to live, not exist. I shall not waste my days trying to prolong them. I shall use my time.” In order to support this I will use evidence from articles and studies. I agree with Jack London’s claim that people should live not exist, and use their time wisely. I agree because risk taking actually has health benefits, people often take risks and then love the outcome and research has found risk taking can actually be eye-opening.

An innocent child is standing in a candy store and looking at all his favorite options from which to choose. He slowly reaches for the bag of M&Ms, and he does not know what all the chemicals in that bag will cause him. The M&Ms have ADHD (Attention Deficit Hyperactivity Disorder) causing carcinogens in them called food dyes. These food additives help the food products stay vibrant and eye catching but America’s youth does not know what the consequences are when you eat these products. Children think they are nice and colorful but they do not know what lies behind the wonderful rainbow of colored M&Ms in that bag. That is why The United States needs to ban food color additives to make our nation healthier. The main points on food dyes are the problems they cause, the counter argument against them and the steps the country can take to solve these problems.

(Adam et al, 2000:168) However, because we have made this risk with the devolvement of technology then we are able to understand it better and assume we can measure them. They apply the concept of Actualarism that categorise populations according to risk, with this concept we can measure the risk and the likelihood of them happening and by doing this we can take steps in reducing and avoiding these risks. A fundamental concept in the risk society is that to avoid risk we can distribute the risk which is part of neo-liberalism. This can be seen to be used in everyday life with car insurance companies who charge an individual more money in according to the risk they pose whilst driving .Risk has become a fundamentally commodity in a capitalist society. Risk society means that risk thinking has become normalised for individuals in everyday life, every decision we make we think about the risk connected to it. The rise of individualism has seen that individuals will purchase the best risk protection they can without thinking about the weaker person in society. Hudson states that we now fear crime from one another and because of this we want people who threaten us to be removed from our environment to eliminate the risk, this has been a contributing factor to why society has become more punitive. (Hudson, 2003:45) In the risk society governance is directed at the provision of security and experience of security usually

The idea of fear can be frightening! but the idea of prospering is another. Welcome Mrs Mackay and students today is the discussion of risks and rewards. I will discover wether a risks can be beneficial, or dangerous to us and if it is worth it. Well with the help of Wonder and The Happiest Refuge we can see from the examples provided if it is worth the pain. Mark Zuckerberg said “The only strategy that is guaranteed to fail is not taking risks” this statement from the millionaire of the company Facebook invites us into a discussion taking us into the true meaning of taking a risk and what us as humans can gain. I agree with this statement because as humans if you do not take a risk you’re not gaining anything for yourself while missing out on

The word “risk” means the possibility of suffering a harmful event. Risk taking can bring either positive or negative result because anytime we take risks in life, there is a possibility of loss which can cause tension. There are a lot of people who take big risks and appear not to be affected by them. But, many of us feel very uneasy when faced with risk-taking; we may become worried about the risk. Although some people are content in life by just playing it safe and not courting any

In Conclusion Is it better to take risks and perhaps make some mistakes or remain cautious and risk nothing? Well, it’s good to take risks because it helps people sometimes it benefits you and it makes you feel like a hero sometimes like when you risk your life for the president, people will remember you as a hero. Maybe some people take risk to do bad

the same sum on a false hunch regarding an AIDS cure, he or she would

"Risk society" means that we live in a world out of control. There is nothing certain but uncertainty. But let's go into details. The term "risk" has two radically different meanings. It applies in the first place to a world governed entirely by the laws of probability, in which everything is measurable and calculable. But the word is also commonly used to refer to non-quantitative uncertainties, to "risks that cannot be known." When I speak about "risk society," it is in this latter sense of manufactured uncertainties. These "true" uncertainties, enforced by rapid technological innovations and accelerated societal responses, are creating a fundamentally new

Based on Knight’s economics view (1921), risk-taking is crucial to entrepreneurism. This view is supported by many classical theorists like Cantillon and Richard (1755) who explore that entrepreneurs bear risks or uncertainty to keep supply-demand balance. Phan (2008) also support this positive relationship and assert that entrepreneurs are risk-takers, not gamblers. However, Bula (2012) argues that

Risk can be defined as “The possibility of a (negative) event occurring”. Risk and uncertainty go hand in hand. When you are certain about something that you do then there is less or no risk involved. There is more risk when there is uncertainty about a particular outcome and you still go for it.