“People should undertake risky action
only after they have carefully considered its consequences.”
Can we take a blunt risk? Would not it be like playing
dice! In contemporary world our actions cannot be dependent on uncalculated
probability of our randomness. Therefore I strongly agree that people should
undertake risky action only after they have carefully considered its
consequences. A calculated risk would provide us with the extremes of the
result and if we can consent the worse it is always a win-win situation.
To start with let us
take an example of medical sciences. There are a number of cases where the
conventional treatments cannot be performed due to unknown cause of illness.
However, doctors never leave the patient unattended. Special medical research teams work for such
cases to fight with the disease, by attempts to find the cause and treatment,
for the present case as well as consider the future patients. The appointed
medical team takes calculative risks to an extent that would not decline the
present health status of patient.
In the field of business
calculated risk has most significance, while investing on any commodity a
business person or entrepreneur often calculate the risk involved. Calculating
and considering risk gives them a better range of expected outcome gives a
better picture of the contemplated action. Thus only after considering the risk
involved a better action can be taken. There are many such examples of
entrepreneurs and business people such as bill gates and mark zukerrberg who
took calculated risk before taking actions.
Considering risk
involved is not just limited to research and business, it also has implication
in politics and government. Before passing a bill or amending any law
government often consider the reaction of its people. Only if the reaction
subjected to welfare and peace of the general people the government takes
action. History is evident that the risk taken by government without
considering the consequences had created pandemonium amongst its people.
To conclude I concede
with the statement “People should undertake risky action only
after they have carefully considered its consequences.” It is evident that this approach is practiced in many
fields from research to business. Thus, the statement is it is a better
approach to undertake risky action only after they have carefully
considered its consequences, it always provide us with range of outcome, If the
lowest of range or the worst of outcome can be accepted the action can be
undertaken.