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Taking Risks Essay | Is Taking Risks Good Or Bad?, An Essay On Risk  

January 10, 2022 by Prasanna

Taking Risks Essay: People often fear risks, especially when it comes to things like finances, relationships and career choices. Moreover, studies have shown that people are more likely to be worried about risks in the future than they are excited about opportunities. This is because it is difficult for humans to think in probabilities and statistics, so we tend to overestimate how bad things could potentially happen. However, taking risks can actually be a good thing, provided you do your research and weigh the alternatives carefully. Furthermore, you will need to find your risk threshold and you’ll be able to make decisions easily.

You can also find more  Essay Writing  articles on events, persons, sports, technology and many more

What Is A Risk?

Risk is the probability of an (unpleasant) event happening and the severity of the result if it does happen. To elaborate, the word “risk” can be defined as any situation or factor that might lead to loss or injury. Some people have a negative view of risks and see them as things that will lead to loss, injuries, death and destruction, while others are more accepting of risks and see them as opportunities to learn new things. In most cases though, risks can be unsettling, and the outcomes depend on the circumstances

Who Are The Beneficiaries Of Taking Risks?

For many people, taking risks can be a rewarding experience. For others, taking risks can be dangerous and hazardous. In any case, the benefits of taking risks are often debatable because the possible consequences of them are not always certain and depend on the individual in question. If a risk taken leads to an outcome that someone else is happy with, then it’s considered good. But if the risk leads to an outcome that someone else isn’t happy with, it becomes a risk that isn’t worth taking and people will view you as having poor judgment. This causes fear of risk. Fear of risk in people’s lives can be attributed to many things but the two main causes are a lack of understanding or a lack of confidence. People who have a hard time understanding the potential outcomes of a risky decision will naturally be more hesitant to take the risk. People with low self-esteem may also be hesitant to take risks because risk can often lead to failure, which would lead people with low self-esteem to fail as well.

Interestingly, research has shown that when people are given information on probabilities and statistics, they tend to become less fearful of risks: In a study conducted by behavioral scientists, participants were informed on the risks of ATVs and their safety features as well as the probability of an accident happening. They found that when people were given information on probabilities and statistics, they tended to become less fearful of risks. In other words, statistics and probability are a necessary part of any risk assessment even if they are difficult to comprehend. Fear often comes from not being able to grasp the probability of a risk happening, so if we can help people understand these concepts better, they will be more comfortable with risks.

Is Taking Risks Good Or Bad?

Sometimes, it is better to take risks after carefully analyzing situations. For example, if you put your savings into the stock market and the market crashes, you lose money. But if you invest in the stock market and the market is currently down, then you might make some profit. The keyword to understand here is “calculated risk” – everything that we do has some risks, but thoroughly analyzing and then acting accordingly minimizes the amount of risk.  We also see some risks where it is necessary to take risks. If a company is not performing well, the owners will lose money.

Benefits Of Taking Risks

Risks come in all shapes and sizes and we often face decisions about whether we should take the risk or not. It’s difficult to predict what will happen and so it can be hard to work out what the likely benefits of taking a certain type of risk might be. The best way to understand the potential benefits of a risk is to look at historical examples. But even then, there might be many factors that can significantly affect the outcome of a decision.

There are a few benefits to risk-taking. First, there is a higher chance of succeeding if you take a risk. Second, taking risks can make your life more exciting and less stagnant. Third, risk-taking can lead to happiness. These are just a few examples of the benefits of taking risks in life. However, the benefits of risk-taking are not always obvious. Some people believe that the lack of proper planning increases the chances for failure. Others argue that taking risks is essential in order to find success because it forces you to be innovative and to think outside the box. Risk-taking is a result of multiple factors such as personality, cognitive ability, and temperament.

Generally, a person who is willing to take risks is often more successful, and even if they are not, they can learn from their failures. Regardless, taking a risk can be very hard because you never know what is going to happen. Some people might say that failure will make you stronger and teach you greater humility, while others might believe that this idea is a myth. A person might decide to take a risk for a huge reward, or they might decide to take a different path that they are comfortable with in order to avoid the possibility of failure. In other words, it is important for someone who wants to take a risk to think about the potential consequences before doing so.

The benefits of taking risks in business: The benefits of taking risks in business are limitless. Taking risks in business allows entrepreneurs to explore new and untested avenues with the potential for huge gains. It also encourages innovation, spurs creativity, and cultivates a sense of adventure in employees that can be infectious within an organization. A willingness to take risks shows that you’re not afraid of failure and that you have confidence in your abilities. A willingness to take risks is a sign of confidence in your abilities to succeed and failure is often a matter of perception. As long as you’re prepared to take risks, you’re taking the first step towards capitalizing on opportunities that will benefit your company.

The benefits of risk taking for personal development: Taking risks is one of the best ways to develop your skills. Not only are you learning how to handle different challenges, but you also learn more about your ability to adapt. In other words, taking risks can be terrifying, but it’s one of the best ways to sharpen your skills. It’s not about being risk-free, it’s about taking calculated risks that are within your comfort zone. These risks can give you the opportunity to learn new skills and get valuable experience that will help you in the future.

Conclusion on Taking Risks Essay

Risk-taking is an important part of any endeavor. You can’t succeed without taking risks. Moreover, taking risks is an important aspect of life. Risk-taking pushes us to achieve things we never thought we could do and it makes the world a more challenging and exciting place. It allows us to learn and grow in ways that we may not have otherwise. There are many reasons why taking risks is important, but one of the most significant ones is that it allows for learning, growth, and development in ways that you may not have experienced otherwise. However, taking risks can have some devastating consequences. Hence, before taking a risk, it is important to weigh the pros and cons to ensure that you are making a carefully calculated decision.

FAQ’s on Taking Risks

Question 1. What are examples of taking risks?

Answer: These are examples of taking risks: – Investing your money into a company that you think will grow skyrocketing over time. – Taking a job that pays less but is more fulfilling for you. – Moving across the country for a relationship with someone you love.

Question 2. Why do people take risks?

Answer: Humans are hardwired to take risks. This is because the brain’s reward system is activated by many kinds of risk. These can range from taking a chance on a new type of food, to bungee jumping. Whatever the risk, if it pays off, it can be addicting and make you want more of the same type of thrill again.

Question 3. How should we take risks?

Answer: It’s hard to take risks. Some people are born risk-takers, while others are more cautious. However, the decision of how to take risks is individualized and should be made based on circumstances.

Question 4. How taking risks can lead you to a better life?

Answer: The idea of taking risks and chances is not one that many people would naturally want to take. That said, it is something that can lead you to a better life. Taking risks and chances in life will give you the opportunity to grow and learn, which can lead you to a better future than following a safe path.

Question 5. What is taking risks in life?

Answer: Taking risks in life is an important part of living. It can lead to success or failure. If you take risks, you might fail and make mistakes. But if you don’t take any risks, you’ll never know what could have been if you did.

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Taking risks.

Every once in a while in one’s life come challenges. These challenges can be so daunting and demanding that it places the person in not just a weird external state but also a peculiar state of mind. There are hardly any people in the world who make it a point in their life to take steps that are too farfetched or have stakes that are too high. Almost every individual finds it easier and more convenient to take steps that are safe and secure them for the present and for the future.

Anyone who has spent even a year in the practical world would agree that this is not how life can be lived. The entire essence of life demands people to challenge themselves and push themselves off the edge just to see if they can fly – that is the true meaning of life. When one dives into a situation where the end point or the result is unknown and cannot even be anticipated based on the current circumstances, it means they are taking a risk. These are not hard core decisions but mere choices that individuals have to take because they pose a better likelihood in the future. It cannot be claimed that if one has a safe job, they will always remain employed and have complete job security. An unstable and an unconventional job might become a constant source of income for several people. The entire questions falls on one question; “Are you willing to take the risk?”

Some people might also claim that taking a risk and having it result in a positive outcome has a lot to do with fate and luck. Though this might be true for various people, but in some cases, where the decision lies in another human and not on fate, taking a bold risk exemplifies your confidence in yourself and that is a valuable but rare quality in humans.

Hence, if you have a risk to take and are torn between a safe and a risky option, tell yourself this:

• The risk you are willing to take might give you a once in a lifetime chance to explore not just your abilities and potentials but also to live your dream.
• Taking a risk and actually have it work out for you might make you feel more confident about your own abilities and make you feel good about the things you can achieve in life.
• Taking a risk makes it easier for you to come up with ideas and innovations that you were too scared to try and test before.
• Taking a risk opens up an entire new world of possibilities for you. It makes you feel like there is no end to your passion.
• Above all, taking a risk is the best way to overcome your own weaknesses and confusions.

Hence, risk taking is a core element of human life and human existence.

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IELTS Cambridge 17 Essay: Taking Risks in Professional and Personal Lives

by Dave | Cambridge 17 | 4 Comments

This is an IELTS writing task 2 sample answer essay from the new Cambridge IELTS 17 book of past test papers on the topic of taking risks in professional and personal lives.

Check out my exclusive IELTS EBooks here on Patreon .

You can read essays and guides for the other IELTS Cambridge books, including Cambridge 17, here:

The Complete Guide to IELTS Cambridge 17

The Complete Guide to IELTS Cambridge 16

The Complete Guide to IELTS Cambridge 15

The Complete Guide to IELTS Cambridge 14

The Complete Guide to IELTS Cambridge 13

It is important for people to take risks, in both their professional lives and personal lives.

Do the advantages of taking these risks outweigh the disadvantages?

Some would argue that taking risks, both in terms of one’s private life and one’s working career, is advantageous overall. I am generally in agreement with this contention due to the potential for advancement and growth.

Firstly, risk-taking can expedite one’s career goals. Many workers decide early on that they are content with their position in society and therefore often fail to actualize their potential. Others, however, attempt various business enterprises and transition from field to field in order to find a good match. Although this may lead to short-term setbacks, in the long-term such ambitious individuals are far more likely to become very successful in life. Assuming that these risks are taken early in one’s career, there is a strong likelihood that they will eventually profit the risk-taker in question.

Moreover, an individual who takes risks will also develop more mature personal relationships. In more conservative countries, many young people do not begin to have serious romantic relationships until after university. The result of this is that they are often immature and it can lead to poor and naive choices in terms of marriage and parenting. In contrast, a person who takes risks in their personal life and enters into various relationships throughout high school and university will become a better judge of character. Their allegedly risky behavior can then serve as the foundation for personal growth and increased maturity.

In conclusion, taking risks can be a catalyst for tremendous growth and is therefore advisable. The disadvantages of risk-taking can also be mitigated in most contexts by not being inordinately reckless.

1. Some would argue that taking risks, both in terms of one’s private life and one’s working career, is advantageous overall. 2. I am generally in agreement with this contention due to the potential for advancement and growth.

• Paraphrase the overall essay topic.
• Write a clear opinion. Read more about introductions here .

1. Firstly, risk-taking can expedite one’s career goals. 2. Many workers decide early on that they are content with their position in society and therefore often fail to actualize their potential. 3. Others, however, attempt various business enterprises and transition from field to field in order to find a good match. 4. Although this may lead to short-term setbacks, in the long-term such ambitious individuals are far more likely to become very successful in life. 5. Assuming that these risks are taken early in one’s career, there is a strong likelihood that they will eventually profit the risk-taker in question.

• Write a topic sentence with a clear main idea at the end.
• Explain your main idea.
• Develop it with specific or hypothetical examples.
• Keep developing it fully.
• Short sentences can make your writing clearer.

1. Moreover, an individual who takes risks will also develop more mature personal relationships. 2. In more conservative countries, many young people do not begin to have serious romantic relationships until after university. 3. The result of this is that they are often immature and it can lead to poor and naive choices in terms of marriage and parenting. 4. In contrast, a person who takes risks in their personal life and enters into various relationships throughout high school and university will become a better judge of character. 5. Their allegedly risky behavior can then serve as the foundation for personal growth and increased maturity.

• Write a new topic sentence with a new main idea at the end.
• Explain your new main idea.
• Include specific details and examples.
• Add as much information as you can and make sure it links logically.
• Finish the paragraph strong.

1. In conclusion, taking risks can be a catalyst for tremendous growth and is therefore advisable. 2. The disadvantages of risk-taking can also be mitigated in most contexts by not being inordinately reckless.

• Summarise your main ideas.
• Include a final thought. Read more about conclusions here .

What do the words in bold below mean? Make some notes on paper to aid memory and then check below.

Some would argue that taking risks , both in terms of one’s private life and one’s working career , is advantageous overall . I am generally in agreement with this contention due to the potential for advancement and growth .

Firstly, risk-taking can expedite one’s career goals . Many workers decide early on that they are content with their position in society and therefore often fail to actualize their potential. Others, however, attempt various business enterprises and transition from field to field in order to find a good match . Although this may lead to short-term setbacks , in the long-term such ambitious individuals are far more likely to become very successful in life. Assuming that these risks are taken early in one’s career , there is a strong likelihood that they will eventually profit the risk-taker in question .

Moreover, an individual who takes risks will also develop more mature personal relationships . In more conservative countries , many young people do not begin to have serious romantic relationships until after university. The result of this is that they are often immature and it can lead to poor and naive choices in terms of marriage and parenting. In contrast, a person who takes risks in their personal life and enters into various relationships throughout high school and university will become a better judge of character . Their allegedly risky behavior can then serve as the foundation for personal growth and increased maturity .

In conclusion, taking risks can be a catalyst for tremendous growth and is therefore advisable . The disadvantages of risk-taking can also be mitigated in most contexts by not being inordinately reckless .

For extra practice, write an antonym (opposite word) on a piece of paper to help you remember the new vocabulary:

taking risks making decisions that are not always safe

in terms of concerning

private life personal lives

working career jobs

advantageous overall good in general

I am generally in agreement with this contention I mostly agree

due to because of

potential possible

advancement moving forward

growth becoming a better person

risk-taking making risky decisions

expedite make faster

career goals pursue a good job and career path

decide early on choose from the beginning

content satisfied with

position job

fail to actualize don’t fully achieve

attempt try

business enterprises jobs and businesses

transition from field to field move from job to job

good match good fit

short-term setbacks drawbacks right away

ambitious individuals people with big dreams

are far more likely to become greater chance they will

Assuming given that

risks are taken doing risky actions

strong likelihood good chance of it

profit what you get/earn

risk-taker person who takes risks

in question being discussed here

develop change

mature personal relationships better interactions with others

conservative countries traditional nations

serious romantic relationships boyfriends, girlfriends, partners, etc.

The result of this is that the consequence is

immature not mature, childish

poor not good

naive innocent

enters into various relationships throughout have many different relationships during

better judge of character understand people better

allegedly it is assumed that

serve as the foundation for are the basis for

personal growth how a person changes and gets better

increased maturity growing as a person

a catalyst for tremendous the cause of big

advisable a good idea

mitigated weakened

contexts situations

inordinately reckless very risky

Pronunciation

Practice saying the vocabulary below and use this tip about Google voice search :

ˈteɪkɪŋ rɪsks ɪn tɜːmz ɒv   ˈpraɪvɪt laɪf   ˈwɜːkɪŋ kəˈrɪə   ˌædvənˈteɪʤəs ˈəʊvərɔːl aɪ æm ˈʤɛnərəli ɪn əˈgriːmənt wɪð ðɪs kənˈtɛnʃən   djuː tuː   pəʊˈtɛnʃəl   ədˈvɑːnsmənt   grəʊθ rɪsk-ˈteɪkɪŋ   ˈɛkspɪdaɪt   kəˈrɪə gəʊlz dɪˈsaɪd ˈɜːli ɒn   ˈkɒntɛnt   pəˈzɪʃən   feɪl tuː ˈækʧʊəlaɪz   əˈtɛmpt   ˈbɪznɪs ˈɛntəpraɪzɪz   trænˈzɪʃ(ə)n frɒm fiːld tuː fiːld   gʊd mæʧ ʃɔːt-tɜːm ˈsɛtbæks æmˈbɪʃəs ˌɪndɪˈvɪdjʊəlz   ɑː fɑː mɔː ˈlaɪkli tuː bɪˈkʌm   əˈsjuːmɪŋ   rɪsks ɑː ˈteɪkən   kəˈrɪə strɒŋ ˈlaɪklɪhʊd   ˈprɒfɪt   rɪsk-ˈteɪkə   ɪn ˈkwɛsʧən dɪˈvɛləp   məˈtjʊə ˈpɜːsnl rɪˈleɪʃənʃɪps kənˈsɜːvətɪv ˈkʌntriz ˈsɪərɪəs rəʊˈmæntɪk rɪˈleɪʃənʃɪps   ðə rɪˈzʌlt ɒv ðɪs ɪz ðæt   ˌɪməˈtjʊə   pʊə   nɑːˈiːv   ɪn tɜːmz ɒv   ˈɛntəz ˈɪntuː ˈveərɪəs rɪˈleɪʃənʃɪps θru(ː)ˈaʊt   ˈbɛtə ˈʤʌʤ ɒv ˈkærɪktə   əˈlɛʤdli   sɜːv æz ðə faʊnˈdeɪʃən fɔː   ˈpɜːsnl grəʊθ   ɪnˈkriːst məˈtjʊərɪti ə ˈkætəlɪst fɔː trɪˈmɛndəs   ədˈvaɪzəbl ˈmɪtɪgeɪtɪd   ˈkɒntɛksts   ɪˈnɔːdɪnɪtli ˈrɛklɪs

Vocabulary Practice

I recommend getting a pencil and piece of paper because that aids memory. Then write down the missing vocabulary from my sample answer in your notebook:

Some would argue that t________________s , both i____________f one’s p_____________e and one’s w______________r , is a_____________________l . I_________________________________________________n d______o the p_________l for a_________t and g_________h .

Firstly, r__________g can e_________e one’s c__________s . Many workers d______________n that they are c_______t with their p________n in society and therefore often f____________e their potential. Others, however, a_______t various b__________________s and t___________________________d in order to find a g_________h . Although this may lead to s________________________s , in the long-term such a____________________s a_______________________________e very successful in life. A___________g that these r________________n early in one’s c_______r , there is a s_____________d that they will eventually p______t the r___________________________n .

Moreover, an individual who takes risks will also d__________p more m______________________s . In more c____________________________s , many young people do not begin to have s___________________________s until after university. T_________________________t they are often i____________e and it can lead to p____r and n____e choices i________________f marriage and parenting. In contrast, a person who takes risks in their personal life and e____________________________________t high school and university will become a b_________________r . Their a__________y risky behavior can then s_______________________________r p___________________h and i________________y .

In conclusion, taking risks can be a____________________________s growth and is therefore a__________e . The disadvantages of risk-taking can also be m__________d in most c______________s by not being i____________________s .

Listening Practice

Learn more about this topic by watching from YouTube below and practice with these activities :

Reading Practice

Read more about this topic and use these ideas to practice :

https://www.psychologytoday.com/us/blog/passion/202105/how-inspire-yourself-take-risks

Speaking Practice

Practice with the following speaking questions from the real IELTS speaking exam :

• How important is it for people to set goals?
• Do people set different goals at different stages of life?
• Are personal goals more important than professional goals?
• What sort of goals do young people today set?
• Are people becoming more pessimistic about their life goals?

Writing Practice

Practice with the related IELTS essay topics below:

Some people prefer to spend their lives doing the same things and avoiding change. Others, however, think that change is always good.

Discuss both these views and give your own opinion.

https://howtodoielts.com/ielts-essay-change/

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I see that you mentioned the demerit of taking risks in career aspect, but why did you not discuss the demerits in terms of personal life in your second body paragraph?

There is only so much space and it isn’t necessary in order to fully support my opinion – I can just say that this reason is overwhelmingly more important.

Is that clear, Ailes?

Hi According to your other post, the advantage outweigh disadvantage question needs both sides of topic.

which one is the correct instruction? https://howtodoielts.com/ielts-writing-task-2-understanding-questions/

It isn’t absolutely necessary though I would advise it.

The exception is in cases like this question where there is personal and professional – then it makes sense to choose one side so that the development in manageable.

Is that clear?

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IELTS Cambridge 17 Essay: Taking risks in professional and personal lives

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By ieltsnotes

Table of Contents

IELTS Essay Question

Plan your answer

Sample Answer

Taking risks is a normal part of life and it presents us with both opportunities and challenges . This essay will detail the reasons why the benefits of taking risks far outweigh the drawbacks.

In the business world, taking risks can open up the opportunity for unexpected growth. The website called makingsenseofcents.com is a great example. The owner of the website made a risky decision to quit her job and turn her blogging side hustle into a full-time career several years ago. This decision to step out of her comfort zone into the unknown has helped turned her blog into a multi-million-dollar business, which was something that she never expected when she started blogging. Taking risks also helps people conquer their fears in their everyday lives. For example, if someone afraid of public speaking took the opportunity to give a presentation in front of a crowd, it could help them to confront their fear and turn it into faith that they are capable of doing anything as long as they put in enough effort.

However, doing something risky might lead to failure if the risks involved are not properly calculated. Many people spend several years trying to turn their part-time blogging job into a successful business but fail and have to return to the nine-to-five rat race . Those years could have been better spent honing their skills at work, which might have helped them to climb the corporate ladder or be offered a pay rise. In addition, the courage to speak in front of a crowd in the above example might turn into a disaster if the speaker does not take the time to carefully prepare for the presentation. In some cases, this might be an opportunity for others to make fun of them and make them lose the courage to try public speaking again. However, these risks can be minimized if people carefully calculate the risks involved.

In conclusion, the benefits of taking risks, including exponential business growth and overcoming fear, outweigh any drawbacks because the chance of failure is reduced if people take calculated risks.

Useful vocabulary

• present somebody with something = to cause something such as a problem, threat, or opportunity
• side hustle = a part-time job that a person does as well as their regular job
• comfort zone = a situation in which you feel comfortable and in which your ability and determination are not being tested
• the unknown = a place, situation, or thing that is not known about or understood
• conquer something = to succeed in dealing with or controlling something
• be afraid of … = feeling fear; frightened because you think that you might be hurt or suffer
• be capable of … = having the ability or qualities necessary for doing something
• the rat race = a way of life in modern society, in which people compete with each other for power and money
• the corporate ladder = the proverbial climb up a company’s employment hierarchy, where career advancement is likened to climbing rungs on a ladder
• make fun of somebody/something = to make a joke about someone or something in a way that is not kind

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Essay Samples on Risk Taking

Risk-taking is a fundamental aspect of human nature. It’s an inherent part of progress, innovation, and achievement. By pushing the boundaries of what is known and venturing into uncharted territories, individuals have propelled themselves and society forward. Taking risks involves a willingness to confront uncertainty, face challenges, and overcome obstacles. It requires resilience, adaptability, and a belief in one’s own abilities.

Writing a College Essay About Taking Risks

A college essay about taking risks provides a unique opportunity to delve into the multidimensional nature of risk-taking. In your essay you can:

• explore different types of risks, such as intellectual, emotional, physical, or social risks.
• examine the motivations behind risk-taking and the potential rewards and consequences that accompany it.
• discuss how risk-taking can lead to personal growth, expanded horizons, and the development of essential life skills such as decision-making, problem-solving, and resilience.
• explore the challenges individuals face in assessing risks, weighing potential outcomes, and making informed decisions
• analyze the role of risk-taking in entrepreneurship, scientific breakthroughs, artistic endeavors, and personal relationships.

To craft an exceptional essay on “Risk Taking,” begin by reflecting on your own journey. Recall moments when you dared to challenge the status quo, overcome fears, and make bold choices. Share anecdotes that highlight your resilience, determination, and ability to embrace uncertainty. Consider the lessons you learned along the way and how they shaped your character and worldview.

To enhance the depth of your taking risks essay, include relevant research findings, expert opinions, and statistical data. Support your arguments with credible sources and demonstrate a comprehensive understanding of the topic.

Conclude your essay with a thought-provoking summary that leaves readers inspired to embrace risk-taking and embark on their own transformative journeys. Encourage them to consider the balance between calculated risks and reckless behavior, emphasizing the importance of learning from both successes and failures.

Definition Of Heroism As A Self Deserving Act

Heroism as an expression of self-actualization and pinnacle social state is of fundamental interest to humanistic psychology and the field more broadly. The dynamic of having influential forces within human societal structures is a rather appealing notion for the general masses due to the fact...

• Helping Others
• Risk Taking

The Role of Technical Workers in Theatre Industry

“There’s no real theatre without taking risks” A quote by Haris Pasovic. One should always challenge yourself and not limit yourself. The theatre is a vast space for all your ideas and imagination to come reality. One should always believe that they can bring an...

The Book Report - The Big Short: Inside the Doomsday Machine

The book I chose to read for my report was The Big Short: Inside the Doomsday Machine by Michael Lewis. I was nine years old when the market crashed in 2008 and wasn’t fully aware of the impact that it had on the United States...

• The Big Short

Risk Taking of Commercial and Retail Bank

Introduction Without taking the risk, banks, the important financial institution, cannot be in running order (Matthews & Thompson, 2014). In business term, bank is defined as an institution authorized by a government which provide financial services, for example, accepting deposits, paying interest, making loans, etc.,...

Influences of Risk Taking Behaviors During Adolescence

The fact is, risk taking behaviors increase during adolescence, but the reason behind this behavioral change is still up for debate. There is speculation that risk taking behavior is a result of hormonal changes during puberty, and the brain’s socio emotional system seeks to increase...

• Adolescence

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Effect of Terrorism on Risk Taking and Investment Decision

Abstract: This article focuses on fear of terrorism as one important factors effecting risk taking and investment decision in today’s economy. We argue that external security threats can undermine incumbent target governments by exposing foreign policy failures and damaging society’s general well-being. Identifying who is...

Outcomes Of Locus Of Control Among Drug Abusers: Role Of Perceived Social Support

Present study observed the diminishing effect of perceived social support between locus of control, self-efficacy and relapse among drug abuser. Data was collected from 250 drug addicted from Sargodha through Drug related locus of control, multidimensional scale of perceived social support, and advance warning of...

Risk Factors Of Stress In The Workplace

The major factors of job stress are job design, work tasks, work roles and interpersonal relationships. A systematic program of research on the health consequences of stressful life events was initiated by Holmes and Rahe, who developed a standardized, paper-and-pencil inventory of life experiences, the...

The Health Risk Factors Of Lack Of Proper And Regular Fuel Availability

People under the poverty line are mostly energy poor too. It is estimated that approximately two thirds of these are women, quite a few of whom live in female-headed rural households. It is essential to keep in mind that men and women have different energy...

Best topics on Risk Taking

1. Definition Of Heroism As A Self Deserving Act

2. The Role of Technical Workers in Theatre Industry

3. The Book Report – The Big Short: Inside the Doomsday Machine

4. Risk Taking of Commercial and Retail Bank

5. Influences of Risk Taking Behaviors During Adolescence

6. Effect of Terrorism on Risk Taking and Investment Decision

7. Outcomes Of Locus Of Control Among Drug Abusers: Role Of Perceived Social Support

8. Risk Factors Of Stress In The Workplace

9. The Health Risk Factors Of Lack Of Proper And Regular Fuel Availability

• Career Goals
• Perseverance
• Personal Experience
• Personality
• Cohabitation

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Home — Essay Samples — Business — Risk — Importance Of Taking Risks In Life

Importance of Taking Risks in Life

• Categories: Risk

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Published: Mar 14, 2024

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Risk - List of Essay Samples And Topic Ideas

Risk, a fundamental concept in finance, economics, and decision theory, represents the potential for adverse outcomes associated with a particular action or event. Essays could explore the quantitative and qualitative assessment of risk, discussing the methodologies, tools, and theoretical frameworks employed in risk analysis. The discourse might extend to the examination of risk management strategies, exploring how individuals, corporations, and nations mitigate or transfer risks to safeguard interests and achieve objectives. Discussions could also focus on the psychological and behavioral aspects of risk-taking, delving into the factors that influence risk perception and tolerance. Moreover, a comprehensive analysis could include a discussion on the ethical considerations in risk assessment and management, exploring the balance between risk, reward, and responsibility in various domains such as financial markets, public policy, and technological innovation. We’ve gathered an extensive assortment of free essay samples on the topic of Risk you can find in Papersowl database. You can use our samples for inspiration to write your own essay, research paper, or just to explore a new topic for yourself.

Risk Factors from Alzheimer’s Disease

About 40 million people are affected by dementia, with the majority of these individuals being over the age of 60. This number is expected to double in the next 20 years, reaching around 80 million by 2050. Approximately 60-70% of all dementia cases are caused by Alzheimer's disease, affecting between 2.17 and 4.78 million people. Out of those, 46% have a moderate or severe form of the disease. It is estimated that by 2050, between 7.98 and 12.95 million people […]

Children as Agents of Change for Disaster Risk Reduction

Lessons from El Salvador and the Philippines. This work challenges the traditional belief that children are just passive victims of calamities yet in real sense children suffer the most during this calamities. Some suffer traumas as a result of the events that carry on. Backed up by research carried out in the Philippines and El Salvador it elaborates on ways children can actively participate in disaster management in areas that are prone or have suffered natural calamities and pandemics in […]

Homelessness in the United States

Homelessness is a social problem that has long plagued the United States and surrounding Countries for centuries. It is an economic and social problem that has affected people from all walks of life, including children, families, veterans, and the elderly. Kilgore (2018). States homelessness is believed to have affected an estimated amount of 2.5-3.5 million people each year in the United States alone. Recent evidence suggests economic conditions have increased the number of people affected by homelessness in the United […]

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The Effect of Coffee Consumption on the Risk of Hypertension

ABSTRACT BACKGROUND: hypertension can be defined as a disorder that makes the blood to exert some forces against the walls of the blood vessels. This force depends on the rate of heart beats as well as the resistance from the blood vessels. The medical guidelines define this disorder as pressure higher than 140 over 90 millimeters of mercury (mmHg). AIM: Caffeine compounds are present in coffee and tea. We aimed to evaluate the impact of chronic coffee or tea consumption […]

Children at Risk ADHD

According to the American Psychiatric Association, Attention-deficit/Hyperactivity Disorder (or ADHD) is one of the most common mental disorders affecting children (1). However, that was not always the case. This paper will demonstrate how ADHD diagnosis is climbing at a steady rate without concrete evidence that the disorder is actually any more prevalent today than it was just a few decades ago. Furthermore, this paper will attempt to show why the disorder is being diagnosed now more than in the past, […]

Adolescents with ADHD

ABSTRACT Adolescents with ADHD engage in more risk-taking behaviour than adolescents without ADHD. Mind-wandering is an underlying process of ADHD and a potential underlying process of risk-taking behaviour in ADHD. The aim of this study was to test if mind-wandering predicted risk-taking behaviour above and beyond ADHD symptoms. 315 adolescents (age: M = 17.2, range = 16 – 22) participated in this study, and filled in a questionnaire about mind-wandering, ADHD symptoms, and risk-taking behaviour. The results show that ADHD […]

Anorexia: Symptoms, Causes and Risk Factors

The deadliest psychological disorder that has been studied is Anorexia Nervosa. This illness dates back to St. Catherine of Sienna in the 13th century and was originally considered a "wasting" disease. Mid-20th-century research by Hilde Bruch brought awareness to eating disorders, especially Anorexia Nervosa. Anorexia is rare but has the highest mortality rate of all psychological disorders and has high comorbidity with several other disorders like depression and anxiety. This disorder distorts how patients view their appearance, leading them to […]

Risk Management and Insurance

As people, we are faced with the possibility of loss in our everyday lives. Be it a car accident, illness, Property loss, or even death. As early as the millennia B.C, modern profit insurance was demonstrated in a contract of a loan of trading capital to traveling merchants. The first insurance company formed in the United States was in Charleston, South Carolina during 1732. Later in 1752, Benjamin Franklin helped spread insurance by creating the Philadelphia Contributionship which ensured that […]

Alcohol Age Drinking

One topic that has a lot of notoriety all throughout the United States is the legal drinking age. Some argue that it should remain at twenty-one years old while others push for reducing it to eighteen and this has even caused some controversy. Many countries have the age at eighteen and this is influencing others vouch for lowering it by three years; however, this idea is not beneficial for the young individuals of society. Lowering the legal age of alcohol […]

Pesticides Exposure and the Risk of Alzheimer’s Disease

Abstract This literature review discusses the possible connection between pesticide exposure and the risk of developing Alzheimer's disease (AD). After a thorough examination of peer-reviewed articles and a recent literature review, it was revealed that there is an association between the risk of Alzheimer's disease and pesticide exposure, primarily limited to those with a history of occupational pesticide exposure. Only brief evidence of environmental pesticide exposure and risk of Alzheimer's disease was found. While each article touched on the aforementioned […]

An Overview of the Biomechanics and Risk Factors with UCL Injury in Baseball Pitchers

In 1974, orthopedic surgeon Frank Jobe marked a pivotal movement in sports medicine history by performing the world's first reconstruction of the ulnar collateral ligament of the elbow (UCL) on Los Angeles Dodgers pitcher Tommy John. This revolutionary surgery, now coined ""Tommy John's surgery"", has become now commonplace amongst individuals pitching at all levels of baseball since. The prevalence of successful reconstruction of the UCL has grown tremendously since Jobe's pioneering surgery. However, the incidence of injury to the UCL […]

Chronic and Complex Infections

The aim of this paper is to assess the management of chronic diseases and measures taken to curb, prevent, and educate society concerning issues of various chronic diseases. The paper attempts to highlight key factors affecting healthcare systems in the task of tackling some of the diverse and adverse chronic illnesses, as well as corrective measures that should be taken to fully develop a functional unit system. It also outlines some of the risk-associated factors in relation to public health […]

Sexual Risk-Taking Behaviors in Adolescence and Parental Involvement in Prevention

One of the key areas of concern in risk-taking behaviors that are common in adolescence is sexual health. Juntunen and Schwartz (2016) suggest that “there are four aspects of family life that influence an adolescent’s sexual heath: family structure, family connectedness, parental monitoring, and parent’s attitudes about sex (Wight and Fullerton, 2013).” For example, positive parental involvement may help an adolescent decide to abstain from sexual activity until a more mature age. By doing so, it also fosters the belief […]

Business Disputes and Political Risks

Within the business environment, various international disputes occur. An international argument refers to a disagreement among two or more states over the rights regarding the control of a given item and in this case, a business right. Foreign investment dispute is an example of such an international argument, and it is the dispute of concern for this dissertation. It focuses on the Amazon incorporation carrying out a foreign investment in food retail in India. A foreign investment dispute entails a […]

Risk Management in Nursing Practice

Bowers (2014) identifies the need for the preservation of safety as the most crucial objective for mental health nursing. However, this is a very isolative environment with seclusion being a part of this treatment and intervention. Clifton et al (2017) argues that this could lead to possible deterioration of social inclusion, independence and communication. Shared decision-making (SDM) is a frequently utilized model for the purpose of approaching sensitive decisions (Stiggelbout et al, 2015). This process is where clinicians and patients […]

Risk Management of Innovation Projects

Abstract A company’s ability to create new products and services that differentiate them from the competition is becoming a key factor to ensure a business’ longevity in this ever-growing market. Because of this, organizations have continuously tried to launch innovation projects that ultimately fail in most cases due to the higher than normal levels of risk and uncertainty associated with these types of ventures. The purpose of this paper is to review and analyze the characteristics of radical innovation projects […]

Should the Innovative Evolution of Artificial Intelligence be Regulated?

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Taking Risks

Risks are part of life if you do not take them you can not go on in life. Risks or decisions can be exciting or dangerous no matter what we take them to succeed. Taking risks is part of our existence and no matter what we do. Decisions are dangerous and can be life-threatening, fun, and depressing in some sort of way. Taking risks can be dangerous maybe even life-threatening. When taking risks you will automatically start thinking in a […]

How Current Military Approach Reduces the Risk of Sexual Assault

Fight or Flight? It is flight, fight, or freeze in crisis mode. The freeze response is a typical reaction to danger, particularly common among sexual assault survivors. Sexual assault is a form of violence and is fundamentally about power and control. It happens because perpetrators exert power over the survivor and put their desires over the survivor’s agency to consent. In this essay I will analyze why sexual assault occurs, how current military approach reduces the risk of such crimes, […]

What is Risk Management?

A risk is any unverifiable event or condition that may influence our task(project). Not all dangers are negative. A few occasions or conditions can encourage our task. At the point when this occurs, we consider it a chance; however it's as yet dealt with simply like a hazard. A proactive task group attempts to determine potential issues previously they happen. This is the craft of hazard administration. The motivation behind hazard administration is to recognize the hazard factors for a […]

Effective Risk Management

Uncertainty bounds today's economy, and every organization needs a structured process for effective risk management to sustain a competitive edge (K. J., A., V. R., and U., 2017). Numerous corporate governance regulations, like the SOX Act 2002, COSO Enterprise Risk Management Framework 2004, Companies Act 2013, and Clause 49 of SEBI, have made the existence of a risk management committee mandatory. A risk management committee, a person, or a group of persons, is required at the top management level for […]

Cybersecurity Paper

With cybersecurity attacks on the rise, the ability of an organization to ensure uninterrupted operations is an imperative. No longer can an organization solely rely upon software applications to identify and mitigate cyber risks. It takes a skilled team led by an experienced manager to holistically address an organization's technology risks. The National Infrastructure Advisory Council's (NIAC's) definition of infrastructure resilience is "the ability to reduce the magnitude and/or duration of disruptive events. The effectiveness of a resilient infrastructure or […]

Taking Risks and Gambling

What makes someone capable of taking risks? What drives someone to make these decisions? While these decisions they make have a high rewards, there are possible consequences, that people seem to not even consider. “Cognitive impulsivity is considered the inability to weigh the consequences of immediate and future events, with higher levels of cognitive impulsivity being associated with an inability to delay gratification (Arce & Santisteban, 2006)” (Harris). People in casinos do not consider the effects of their actions, they […]

Risk Factors for Adolescent Pregnancy

In 2010, an estimated 614,000 teenagers became pregnant in the United States (Boonstra 15). Teen pregnancy is an ongoing problem occurring at an alarming rate in the United States, so much, that it is exceeding rates of other developing countries. The rates of teen pregnancy are alarming; however, the implications of a teenage pregnancy can be much worse. Teenage pregnancy can be a health risk to mother and baby, financial strain, emotional strain, isolation, and cause loss of relationships as […]

Futuram’s Risk Management Strategy

Read the following story about this agricultural biotech firm carefully, then answer the questions at the end of the case. This story, all names, characters, and incidents described are fictitious. No identification with actual persons, companies, places, or products is intended or should be inferred. Normally, when Futuram is mentioned in newspapers, it's usually for a new genetically engineered seed. Yet this agricultural biotech firm, based in California, has turned to financial engineering to ensure its profits. At its January 2017 […]

IT Risk Management Techniques

Introduction In life, only two things are true about failure. One, it is common and second, nobody likes them. Failure is something that cannot be completely avoided but it is not absolute as well. Past failures become better lessons on which such failures doesn’t occur in the future. Modifications and changes made due to failures signal positive changes in the entity and scopes for improvement. The only irony in this case is that each failure comes at a certain cost. […]

Learner Record

The suitable plan from the learning was that health officials should form a clinical ethics that has unique parameters and a district focus. For unstable it is noted that the ethics concepts have respect for authority and should express in the individual law. Each of this observation. However, it is also noted that the law can be resolved at a clinical level. The second part learned was on the clinical ethics. Clinical ethics is defined as the methodology for considering […]

Disaster Risk Management

"Disasters can happen to anyone at any time, but research says even the best disaster-recovery plans will not work exactly as envisioned (Drew & Tysiac, 2013). Huge amounts of destruction and suffering can lead to mental health and other issues for employees. This is why organizations should focus on their people's needs. Firms in the state of Florida and other natural disaster areas are well-advised to have business interruption insurance, which is structured to compensate businesses for time-frames when they […]

Risk Management in a Banking System

A risk is an essential part of our daily lives. Despite the complexity of this concept, we often and easily operate it in practice, describing a particular life situation. For us, a risk is primarily a possible profit or loss of something. Commercial activities, as well as any other activities related to the formulation and achievement of certain goals, include: situation analysis; strategy formulation; resource planning; organization of a process; measurement and evaluation of results; operational corrective strategic and tactical actions […]

Risk Management in Online Transactions

Abstract There has been a significant increase in the number of online transactions on various platforms. Online transactions are boosting the global economy by offering convenience and speed of the money transactions between merchants and customers. For online transactions to be successful, there is a need to have a reliable network that is enhanced by a security system to safeguard the information of the transactions. The networks used to secure online transactions are not entirely effective hence there is need […]

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Essay on Taking Risks In Life

Students are often asked to write an essay on Taking Risks In Life in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Taking Risks In Life

What is risk-taking.

Risk-taking is a part of life. It involves doing something that is uncertain or has a chance of leading to a negative outcome. Taking risks can be scary, but it can also lead to great rewards.

Why Take Risks?

There are many reasons why people take risks. Sometimes, we take risks to achieve something that we want, such as a new job or a better education. Other times, we take risks to avoid something that we don’t want, such as a bad grade or a broken relationship.

Benefits of Risk-Taking

Taking risks can have many benefits. It can help us to learn new things, grow as people, and achieve our goals. Taking risks can also make life more exciting and adventurous.

Risks of Risk-Taking

Of course, taking risks also has some risks. We might not achieve what we want, or we might even experience negative consequences. However, the potential rewards of risk-taking often outweigh the risks.

How to Take Risks Safely

250 words essay on taking risks in life, taking risks in life.

Taking risks is a part of life. There are few things worth doing that don’t involve some risk. Also, the bigger the risk, the bigger the potential reward. It’s important to weigh the pros and cons of any risk before you take it. As there are times when it’s better to play it safe.

Calculated Risks vs Uncalculated Risks

Risk can be calculated or uncalculated. Calculated risks are those where you take the time to assess the situation and make an informed decision. Uncalculated risks are those where you jump in without thinking. In general, it is wise to take calculated risks rather than uncalculated risks. Of course, there are some cases where it is necessary to take uncalculated risks, but these should be the exception rather than the rule.

Always Have a Backup Plan

You should always have a backup plan in place before you take a risk. This means having a plan for what you will do if things don’t go as planned. Having a backup plan will help you to feel more confident about taking risks, knowing that you have a safety net to fall back on.

Learn from Your Mistakes

It is important to learn from your mistakes when you take risks. This means taking the time to reflect on what went wrong and how you can avoid making the same mistake in the future. Learning from your mistakes will help you to become a more effective risk-taker.

Don’t Be Afraid to Fail

Taking risks means that you are going to fail sometimes. This is a natural part of the process. Don’t be afraid to fail. Instead, learn from your failures and move on.

500 Words Essay on Taking Risks In Life

Why should you take risks in life.

Taking risks is a part of life. It involves stepping outside of your comfort zone and trying something new. While it can be scary, taking calculated risks can lead to big rewards, such as personal growth, new experiences, and increased self-confidence. It can also help you to overcome your fears and develop resilience.

How to Take Calculated Risks

Taking risks doesn’t mean making impulsive decisions or acting recklessly. Instead, it means carefully weighing the potential pros and cons of a situation and making an informed decision about whether or not to take the risk. Here are a few tips for taking calculated risks:

Benefits of Taking Risks

Taking risks is a part of life. It can be scary, but it’s also essential for personal growth and success. By taking calculated risks, you can open yourself up to new experiences, learn and grow as a person, and build confidence. So don’t be afraid to step outside of your comfort zone and take a risk every now and then.

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How Taking Risks Can Lead You to a Better Life

Taking risks doesn’t mean succeeding every time, and that’s ok taking risks can lead to failure which in turn can help you grow as a person..

(zhukovvvlad / Shutterstock.com)

Many of life’s greatest achievements require going outside of your comfort zone. Whether it means overcoming shyness to perform onstage, investing money to help your business grow, or putting yourself out there for the chance to find love, some of life’s most rewarding experiences come as a result of taking risks. However, many of us have a difficult time dealing with the uncertainty that goes along with taking risks. A feeling of unease grows out of not knowing the outcome and the fear of potential failure. What if I embarrass myself in front of everyone? What if I lose all the money that I invested? What if I open my heart and get rejected? What if I’m not good enough? Answer that with another “what if”: what if the point of taking risks isn’t the outcome, but the process in and of itself. Through taking risks, we must confront our own fears, and sometimes that leads to failure… But what if that wasn’t such a bad thing after all?

The Key to Succeed? Learn to Fail

“The master has failed more times than the beginner has even tried.” — Stephen McCranie Many may have a negative view of failure, but actually, it can provide an essential tool for building character. Failure makes us stronger and more resilient. People who fail repeatedly develop persistence in the face of difficulties. Look at the 16th President of the United States, Abraham Lincoln, who lost eight elections, failed twice in business, and suffered a nervous breakdown all before becoming one of the greatest American presidents. Through failure, he developed the persistence necessary to later lead his country through one of its hardest periods in history. Perhaps he never could have done so without experiencing so many failures himself. What does that tell us? Taking risks doesn’t mean succeeding every time, and that’s ok! The process of taking risks may lead to failure, but even that can make us a better person by increasing the capacity to recover quickly from difficulties.

(kenary820 / Shutterstock.com)

The One Thing Risk-Takers Have in Common? Overconfidence

Failure might turn us into better people, but that doesn’t make it any less difficult to take risks. It turns out that building confidence can help in overcoming the fear of risk-taking. Entrepreneurs must go up against tremendous odds to build a successful business. That means taking big risks without knowing the outcome. What makes them do this? Confidence, and a lot of it. In a study , Ohio State University management professor Jay Barney, Ph.D., and Lowell Busenitz, Ph.D., of the University of Houston, asked 124 successful entrepreneurs and 95 top managers to answer a round of questions and rate how sure they felt about their responses. While both groups demonstrated confidence, the results proved that the entrepreneurs had an exceptionally high level of confidence.

(oneinchpunch / Shutterstock.com)

Learn to Overcome Your Fears

Luckily, confidence is a learnable skill. Erika Casriel describes in her book , Living Fully with Shyness and Social Anxiety, "The reality is that most socially confident people deliberately learn specific skills." That means, through practice, we can develop better confidence, equipping us with the right skills to take risks. Even someone as seemingly outgoing as comedian Will Ferrell once considered himself painfully shy and claims he had to work very hard to overcome his lack of confidence. To do so, he would do idiotic things in public so that people would laugh at him. He told People Magazine,” In college, I would push an overhead projector across campus with my pants just low enough to show my butt. Then my friend would incite the crowd to be like, 'Look at that idiot!' That's how I got over being shy." What does this tell us about taking risks? When we feel shy or afraid of something, we can take action to build more confidence. Instead of accepting himself as a shy person, Ferrell had the courage to overcome his fears by facing them. In doing so, he felt more confident outside of his comfort zone.

(PPstock / Shutterstock.com)

The Cycle of Success

The takeaway? Taking a risk to achieve a goal requires courage to face the fear of uncertainty. No matter the outcome, either way, we grow through the process and become more resilient and confident. Better yet, building those skills helps in taking more risks and improves the chances of achieving future goals.

(fizkes / Shutterstock.com)

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Home / Essay Samples / Life / Risk Taking / Take The Risk Or Lose The Chance: The Road To A Bright Life

Take The Risk Or Lose The Chance: The Road To A Bright Life

• Category: Business , Life
• Topic: Risk , Risk Taking

Pages: 3 (1463 words)

Views: 5224

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