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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.

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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 Conception Essay

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It is a well-known fact that taking risks can result in two things: success of failure. Some people say that taking risks brings to new very important findings, for example, in sports or science; others argue that taking risks can cause failure or even death, for example in finance or everyday life.

Some say that taking risks is inherent in people, and other people claim it contradicts instinct of self-preservation. To my mind, taking risks is a bit of all mentioned above, but there is no doubt that for each person taking risks is not the same.

I think that taking risks is an important and inevitable part of our lives; we all take risks, major or minor. I agree that if people want to succeed and achieve more they have to risk, at least, from time to time, or as Schwalbe puts it – to try something new (Schwalbe). I assume that all the athletes take risks to establish their records; they are likely to “40-30-30 Rule”, where 30 is the degree of the risk (Schwalbe).

This risk rule really works in sport and science, since all the experiments are a kind of risk; scientists take risks and get their results. To my mind, Schwalbe is right pointing out that the most of people regret on what they haven’t done rather on that they did. So in terms of getting rid of one’s regret a person needs to follow own instincts.

Nevertheless, it is necessary to admit that sometimes taking risk may cause very negative results; therefore it is necessary to be reasonable. I am impressed with the example provided by Ropeik about the woman who was afraid to fly because of terrorist (Dreifus). This woman decided to drive several states, and she died in a car crash.

In this case the woman should have think about the degree and possibility of risk in cars and planes. Regarding the fact that planes are the safest means of travelling, and the fact that possibility of terroristic act repeating wasn’t big, this woman should have gone by plane. This proves that there are some cases where thoughtful reasoning is needed.

Here I should stress that thoughtfulness is necessary in medicine where people’s lives are concerned. Doctors should carefully consider all the consequences and then make decisions. Doctors are not the only people who should be concerned about health; people should mind their health themselves. Every risk here should be thought over thousands of times to make no harm to oneself or somebody else.

At this point I would like to return to my statement that each person has his/her notion of risk. Someone may think that it is very risky to ride a bicycle, someone may be afraid to take a risk and visit another country or even unfamiliar place. I am sure that a person who goes in for extreme sports, may be very conservative in food and will never “take a risk” to taste some exotic dainty (here I don’t some religious or health restrictions, of course).

To my mind these humble risks can be taken, and there is something that can inspire people to take such kind a risk, this is an example of other person. For instance, in case with food, a person can see that other people taste that, so he/she can also try it; this person tries and, of course, starts trying to find those stupid reasons preventing from such pleasant experience. After this, I am sure, the person will continue taking such kind of risks.

As for me, I can’t say that I risk all the time. I can’t even provide any example of my big risk; I suppose my risks are still in future. I know that I am not afraid to take risk; at least I haven’t met some difficult situation when I was to risk.

Here I’d like to mention my friend, who is afraid of speaking. I can’t say she doesn’t talk at all, but she is not a public speaker, and she will never speak on something she is not sure about, and if she is asked something she doesn’t know thoroughly she just keeps mum. My friend is afraid of making mistake.

To my mind this is not right, for everyone knows if we don’t make mistakes will never learn. In this connection I would like to cite Carrol admitting that “failure is a good thing” (Carroll). Though, I wouldn’t agree that “success is boring” (Carroll). I’d rather admit that people should try to improve even successful things. A good example of this is Carrol’s daughter who seeks for the further development (Carroll).

To my mind, taking risks is essential for the whole humanity. It is impossible to imagine where we could be now if our ancestors didn’t risk to tame fire. All these great and little risks lead people to new discoveries, new opportunities. I think people should take risks and start something new; they can’t just sit and talk about achievement of others, they should take a chance and risk, leaving one’s fear behind, without being afraid of failure, because failure will only show the right way to go and succeed.

Works Cited

Carroll, J. “Failure Is A Good Thing.” NPR. 2006.

Dreifus, C. “A Conversation With/David Ropeik; The Fear Factor Meets Its Match.” The New York Times . 2002.

Schwalbe, M. The 40-30-30 Rule: Why Risk Is Worth It . The 99 percent Web.

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

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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

IELTS Writing Task 1 Essay: Consumption of energy in the USA since 1980

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• How to write an argumentative essay | Examples & tips

How to Write an Argumentative Essay | Examples & Tips

Published on July 24, 2020 by Jack Caulfield . Revised on July 23, 2023.

An argumentative essay expresses an extended argument for a particular thesis statement . The author takes a clearly defined stance on their subject and builds up an evidence-based case for it.

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When do you write an argumentative essay, approaches to argumentative essays, introducing your argument, the body: developing your argument, concluding your argument, other interesting articles, frequently asked questions about argumentative essays.

You might be assigned an argumentative essay as a writing exercise in high school or in a composition class. The prompt will often ask you to argue for one of two positions, and may include terms like “argue” or “argument.” It will frequently take the form of a question.

The prompt may also be more open-ended in terms of the possible arguments you could make.

Argumentative writing at college level

At university, the vast majority of essays or papers you write will involve some form of argumentation. For example, both rhetorical analysis and literary analysis essays involve making arguments about texts.

In this context, you won’t necessarily be told to write an argumentative essay—but making an evidence-based argument is an essential goal of most academic writing, and this should be your default approach unless you’re told otherwise.

Examples of argumentative essay prompts

At a university level, all the prompts below imply an argumentative essay as the appropriate response.

Your research should lead you to develop a specific position on the topic. The essay then argues for that position and aims to convince the reader by presenting your evidence, evaluation and analysis.

• Don’t just list all the effects you can think of.
• Do develop a focused argument about the overall effect and why it matters, backed up by evidence from sources.
• Don’t just provide a selection of data on the measures’ effectiveness.
• Do build up your own argument about which kinds of measures have been most or least effective, and why.
• Don’t just analyze a random selection of doppelgänger characters.
• Do form an argument about specific texts, comparing and contrasting how they express their thematic concerns through doppelgänger characters.

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An argumentative essay should be objective in its approach; your arguments should rely on logic and evidence, not on exaggeration or appeals to emotion.

There are many possible approaches to argumentative essays, but there are two common models that can help you start outlining your arguments: The Toulmin model and the Rogerian model.

Toulmin arguments

The Toulmin model consists of four steps, which may be repeated as many times as necessary for the argument:

• Make a claim
• Provide the grounds (evidence) for the claim
• Explain the warrant (how the grounds support the claim)
• Discuss possible rebuttals to the claim, identifying the limits of the argument and showing that you have considered alternative perspectives

The Toulmin model is a common approach in academic essays. You don’t have to use these specific terms (grounds, warrants, rebuttals), but establishing a clear connection between your claims and the evidence supporting them is crucial in an argumentative essay.

Say you’re making an argument about the effectiveness of workplace anti-discrimination measures. You might:

• Claim that unconscious bias training does not have the desired results, and resources would be better spent on other approaches
• Cite data to support your claim
• Explain how the data indicates that the method is ineffective
• Anticipate objections to your claim based on other data, indicating whether these objections are valid, and if not, why not.

Rogerian arguments

The Rogerian model also consists of four steps you might repeat throughout your essay:

• Discuss what the opposing position gets right and why people might hold this position
• Highlight the problems with this position
• Present your own position , showing how it addresses these problems
• Suggest a possible compromise —what elements of your position would proponents of the opposing position benefit from adopting?

This model builds up a clear picture of both sides of an argument and seeks a compromise. It is particularly useful when people tend to disagree strongly on the issue discussed, allowing you to approach opposing arguments in good faith.

Say you want to argue that the internet has had a positive impact on education. You might:

• Acknowledge that students rely too much on websites like Wikipedia
• Argue that teachers view Wikipedia as more unreliable than it really is
• Suggest that Wikipedia’s system of citations can actually teach students about referencing
• Suggest critical engagement with Wikipedia as a possible assignment for teachers who are skeptical of its usefulness.

You don’t necessarily have to pick one of these models—you may even use elements of both in different parts of your essay—but it’s worth considering them if you struggle to structure your arguments.

Regardless of which approach you take, your essay should always be structured using an introduction , a body , and a conclusion .

Like other academic essays, an argumentative essay begins with an introduction . The introduction serves to capture the reader’s interest, provide background information, present your thesis statement , and (in longer essays) to summarize the structure of the body.

Hover over different parts of the example below to see how a typical introduction works.

The spread of the internet has had a world-changing effect, not least on the world of education. The use of the internet in academic contexts is on the rise, and its role in learning is hotly debated. For many teachers who did not grow up with this technology, its effects seem alarming and potentially harmful. This concern, while understandable, is misguided. The negatives of internet use are outweighed by its critical benefits for students and educators—as a uniquely comprehensive and accessible information source; a means of exposure to and engagement with different perspectives; and a highly flexible learning environment.

The body of an argumentative essay is where you develop your arguments in detail. Here you’ll present evidence, analysis, and reasoning to convince the reader that your thesis statement is true.

In the standard five-paragraph format for short essays, the body takes up three of your five paragraphs. In longer essays, it will be more paragraphs, and might be divided into sections with headings.

Each paragraph covers its own topic, introduced with a topic sentence . Each of these topics must contribute to your overall argument; don’t include irrelevant information.

This example paragraph takes a Rogerian approach: It first acknowledges the merits of the opposing position and then highlights problems with that position.

Hover over different parts of the example to see how a body paragraph is constructed.

A common frustration for teachers is students’ use of Wikipedia as a source in their writing. Its prevalence among students is not exaggerated; a survey found that the vast majority of the students surveyed used Wikipedia (Head & Eisenberg, 2010). An article in The Guardian stresses a common objection to its use: “a reliance on Wikipedia can discourage students from engaging with genuine academic writing” (Coomer, 2013). Teachers are clearly not mistaken in viewing Wikipedia usage as ubiquitous among their students; but the claim that it discourages engagement with academic sources requires further investigation. This point is treated as self-evident by many teachers, but Wikipedia itself explicitly encourages students to look into other sources. Its articles often provide references to academic publications and include warning notes where citations are missing; the site’s own guidelines for research make clear that it should be used as a starting point, emphasizing that users should always “read the references and check whether they really do support what the article says” (“Wikipedia:Researching with Wikipedia,” 2020). Indeed, for many students, Wikipedia is their first encounter with the concepts of citation and referencing. The use of Wikipedia therefore has a positive side that merits deeper consideration than it often receives.

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An argumentative essay ends with a conclusion that summarizes and reflects on the arguments made in the body.

No new arguments or evidence appear here, but in longer essays you may discuss the strengths and weaknesses of your argument and suggest topics for future research. In all conclusions, you should stress the relevance and importance of your argument.

Hover over the following example to see the typical elements of a conclusion.

The internet has had a major positive impact on the world of education; occasional pitfalls aside, its value is evident in numerous applications. The future of teaching lies in the possibilities the internet opens up for communication, research, and interactivity. As the popularity of distance learning shows, students value the flexibility and accessibility offered by digital education, and educators should fully embrace these advantages. The internet’s dangers, real and imaginary, have been documented exhaustively by skeptics, but the internet is here to stay; it is time to focus seriously on its potential for good.

If you want to know more about AI tools , college essays , or fallacies make sure to check out some of our other articles with explanations and examples or go directly to our tools!

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An argumentative essay tends to be a longer essay involving independent research, and aims to make an original argument about a topic. Its thesis statement makes a contentious claim that must be supported in an objective, evidence-based way.

An expository essay also aims to be objective, but it doesn’t have to make an original argument. Rather, it aims to explain something (e.g., a process or idea) in a clear, concise way. Expository essays are often shorter assignments and rely less on research.

At college level, you must properly cite your sources in all essays , research papers , and other academic texts (except exams and in-class exercises).

Add a citation whenever you quote , paraphrase , or summarize information or ideas from a source. You should also give full source details in a bibliography or reference list at the end of your text.

The exact format of your citations depends on which citation style you are instructed to use. The most common styles are APA , MLA , and Chicago .

The majority of the essays written at university are some sort of argumentative essay . Unless otherwise specified, you can assume that the goal of any essay you’re asked to write is argumentative: To convince the reader of your position using evidence and reasoning.

In composition classes you might be given assignments that specifically test your ability to write an argumentative essay. Look out for prompts including instructions like “argue,” “assess,” or “discuss” to see if this is the goal.

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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

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• Topic: Risk , Risk Taking

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