Tuesday, February 3, 2009

Is there really any such thing as an uncalculated risk.Explain.

In most of the cases we want success,every effort toward getting success can be termed as an event or an exercise or an activity.This piece has been intended to give an insight into the existence of uncalculated risk.And this type of an effort is also a risk taking exercise,where we run the risk of not getting successful.Risk taking abilities have shaped many success stories and spilling over of this ability has contributed to the term globalization.Life is a maximisation problem where we have various constraints,but the effort should be to maximise advantages out of the given constraints.The maximisation process is all about delving into cutting edge techniques and avoiding nonsensical stuffs.Realisation can be partial or can be full and even zero.Realising the absence of uncalculated risk is very stretched and demanding or an exacting task.Those who partially understand they do take risks because they do want to win,and they do know that winning is all about taking risks,they do also believe in calculated risk as well as in uncalculated risk,they move up the ladder step by step and they are most logical in the practical world.They do also believe in the concept of 'equally likely' or 'collectively exhaustible' that is thay might win or fail.The concept of realising fully is not at all believing that something bad will never ever happen to anyone but trying to make a living at gambling with greater respect for risk.It is very diificult to snap up profits along this route.The art of believing every risk as calculated is all about a careful inspection of one's faith before taking off and things get crowded.It also depends upon the departmentalization of some activities by one,such as how one examines starting from a low risk zone to a high risk zone,getting plenty of training,obeying laws and making sound investments.Some will categorise these activities as sensible steps when some other will take cue and learn from each of these activities and term their realisation as a sensible one.Most will term the second group at times as uncategorizable eccentrics.Convention is boring to some people and that is why they try to nurture their talent and allow them to flower.A logical path in this direction-that is we must work hard or reaearch or explore to teach or to create some way which can put us above the rules and justifies any risk taking exercise.If anyone is thinking in this way it is impossible for one to settle with what everyone else gets.This is how new rules are set and we get a path breaker.One needs to try and apply thoughts to be innovative and needs patience,but most people flee from this position because practically it is very hard to run the risk of ruin and death in order to get rich.It is really a debatable topic as to which is better-presence of satisfaction or ever hungry minds.Many avenues have been discovered with the help of advanced and sophisticated branches of Economics,Finance and Statistics,the applications have created paths to see the chaotic profits flowering into valuable revenue streams.Even if we take the case of a population and a sample,then knowing that a sample is a part and a population is a whole-so taking up a whole thing at a time is not an act of prudence and also one might get tired and inattentive while taking up a whole issue but testing or experimentation in parts reduces risks to an acceptable level because experimentation involves human risks. The fundamental understanding is all about managing risk and not minimizing it.There is nothing which cannot be calculated or incalculable ones.The concept is one should not take risks unnecessarily and one should not act on blind hunches to avoid risk.It all depends upon the person who is dealing with the risk but as such there is nothing which is known as an incalculable risk.

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