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Imagine you are standing near a very high cliff face with a drop of 1 000 feet over the end of the cliff.
A normal, sane, sensible, fair, and reasonable person would not go near the drop over the cliff.
A risk taker would jump off the end of the cliff without a parachute hoping that something, somewhere, somehow would protect them from getting hurt at the bottom of the cliff.
I think that's a slight exaggeration. Somebody who doesn't take risks would keep away from the edge of the cliff. Going near the edge would be risky because there is always the possibility that the cliff could collapse or that you could trip and fall off. A risk taker would go to the edge of the cliff knowing it was dangerous, because he/she has weighed the risks and benefits. For example there might be a very impressive view, or they might be trying to impress other people, either way they have decided that the risk of the cliff collapsing is very small, while the potential benefits are large.
However the risks involved with jumping off the cliff are much worse. You would be almost certain to hurt yourself, and for what benefit? Hence I would say that risk-takers do not jump off cliffs.
This can be applied to other situations, tree climbing, travelling in a car or baking a cake.
There is always a risk that you could fall out of the tree, or it could even be struck by lightning. There is always the chance the car will crash, or that you'll burn yourself while baking a cake. However you can decide that the chances of being struck by lightning are low or that the consequences of being burned while baking are small and then carry on with your life. You would still be, to some extent, a risk-taker.
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∙ 14y ago
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What is the meaning of risk tasking?
Risk-taking means taking actions which might have unpleasant or undesirable results.
What is the meaning of the risk taking?
Risk Taking is important in the concept of Entrepreneurship because you cannot gain something without taking a risk. Risk taking is taking a chance on an outcome, not blindly, but by weighing the possible outcomes based on the available information you have.
What is meaning of risk taking?
Risk Taking is important in the concept of Entrepreneurship because you cannot gain something without taking a risk. Risk taking is taking a chance on an outcome, not blindly, but by weighing the possible outcomes based on the available information you have.
What is the meaning of risk-taking in entrepreneurship?
Risk Taking is important in the concept of Entrepreneurship because you cannot gain something without taking a risk. Risk taking is taking a chance on an outcome, not blindly, but by weighing the possible outcomes based on the available information you have.
What is the meaning of cedant?
The meaning of the word "cedant" is someone who takes some of the risk for an undertaking. They act as an insurer to the person taking the risk in exchange for a cut of the benefits.
Is their insurance for someone who cosigns a loan?
No. The co-signer is taking on the risk completely on their own.No. The co-signer is taking on the risk completely on their own.No. The co-signer is taking on the risk completely on their own.No. The co-signer is taking on the risk completely on their own.
Define healthy risk-taking behavior and unhealthy risk-taking behavior?
Unhealthy risk-taking behavior is a behavior that puts you at risk for a bad consequence. Healthy risk-taking behavior is a positive tool in an adolescent's life for discovering, developing, and consolidating his or her identity. :)
Are risk worth taking?
It depends on the risk.
Why did Edmund Hillary continue even though he was frightened by his difficult climb?
because it was the risk taking and the lable that he would have difference between risk taking, and irresponisble risk taking
Profit is not reward for risk taking?
My personal opinion is that profit is the reward of risk avoidance rather than risk taking.
What is a different word for taking a chance?
Taking a risk!
What is risk taking?
Risk taking is the willingness to take on uncertain outcomes in pursuit of potential gains. It involves making decisions with the possibility of both positive and negative consequences, often requiring one to step out of their comfort zone. Balancing risk taking is essential for personal growth and achieving goals.
