Risk Taking Essay -- essays research papers

In our lives, it is important to exercise self-command. However,we should not be so concerned with the future that we stifle the present.The question becomes what rest should we train amidst self-commandand risks? What kinds of risks argon acceptable or impossible? In thises differentiate, we depart use cardinal subjects of risks to show the distinction betweenthe two and arrive at a conclusion as to the symmetry hotshot should havebetween risk and self command. The first example we will use is of a person who spends his life savings on a lottery ticket and does not winthe lottery. The second is of a person who spends his life savings on ahunch regarding a recruit for AIDS, a hunch that is false. Before we makethis distinction, however, it is necessary to circumscribe the footing acceptableand unacceptable risks.Acceptable and Unacceptable RisksThere are some(prenominal) ways in which one could define which risks areacceptable. angiotensin-converting enzyme could say, for example, that the save acceptable risk isone for which the odds of success are great than the odds of failure.Another definition of acceptable risk efficacy be a risk that does not harmones future. We might too say that the only acceptable risk is onewhere the aggregate felicitousness is increased, gum olibanum increasing the moral goodof the risk, an idea which is based on keister Stuart Mills Utilitarianism.Finally, we might define a morally good ris... Risk pickings Essay -- essays research papers In our lives, it is important to exercise self-command. However,we should not be so concerned with the future that we stifle the present.The question becomes what balance should we strike between self-commandand risks? What kinds of risks are acceptable or unacceptable? In thisessay, we will use two examples of risks to show the distinction betweenthe two and arrive at a conclusion as to the balance one should havebetween risk and self command. The first examp le we will use is of aperson who spends his life savings on a lottery ticket and does not winthe lottery. The second is of a person who spends his life savings on ahunch regarding a cure for AIDS, a hunch that is false. Before we makethis distinction, however, it is necessary to define the terms acceptableand unacceptable risks.Acceptable and Unacceptable RisksThere are several ways in which one could define which risks areacceptable. One could say, for example, that the only acceptable risk isone for which the odds of success are greater than the odds of failure.Another definition of acceptable risk might be a risk that does not harmones future. We might also say that the only acceptable risk is onewhere the aggregate happiness is increased, thus increasing the moral goodof the risk, an idea which is based on John Stuart Mills Utilitarianism.Finally, we might define a morally good ris...