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Living a Life is more than Staying Alive: Risk Taking - Take a Risk

City University of Hong Kong Gateway Education GE1204 Living with Unexpected & Unknown in Modern Society Presentation 8
by

PakHin Yuen

on 26 November 2013

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Transcript of Living a Life is more than Staying Alive: Risk Taking - Take a Risk

Introduction
&
Falseness of Security

Risk Taking :
Risk Takers
Life & Mistakes
&
Lessen Risk

Conclusion
& Implication:

Living Our Life
in the
context of
RISK Concepts

Living a Life is MORE than Staying Alive
LIVE YOUR LIFE
Casual Sharing Time
Casual Sharing Time
Casual Sharing Time
Henry Yuen
Luciana Yip
Charles Yuen
GE1204


Presentation 8

Living with the
Unexpected & Unknown
in Modern Society

Risk Taking - Take a Risk
Group 12 :
Luciana Yip (51791512)
Henry Yuen (53079747)
Charles Yuen (53117209)

Risk Takers
Risks
Mistakes
&
Life Experience
Lessen
the Risk
DUMP
RISK TAKERS
Good
Risk Takers
DUMP VS GOOD
Taking risks that are not worth to take
For EXAMPLE...
Casual Unprotected Sex
Drunken Drive
Stealing a piece of cheese with known traps
They USUALLY:
Not fear of making mistakes
-> Take on challenge
Hold unconventional or unpopular position
-> Focus on and
achieve dreams
Their Advantages ARE:
Enhance personal growth,
integrity & accomplishments
Help learning ,solving problems,
inventing new things,
discovering new phenomena
REMEMBER the video about Risk Takers???
Poetry, Literature, Scientific Discovery etc...
Criteria Defining
Good Risk & Dump Risk
Remember our presentation on Cosmetic Surgery???
Good = Potential (Benefits > Harms)
Dump = Potential (Harms > Benefits)
HOWEVER:
Benefits & Harms are defined by
personal
situation

&
perception
!!!
Taking risks & Life
Risk - the possibility of incurring loss & misfortune
Risk-taking is the NATURE of Life
Children takes risk,
learn from mistakes
& adjust behavior
Mistakes are
Essential part of Life
Learn from mistakes
Keep moving ahead
With intelligent of calculating risk
Learning from Experience Hierarchy
AND THEN...
Potential downside - limited
Potential upside - virtually unlimited
Balance the
Benefits
VS
Losses
Put ALL measures in place
(REMEMBER previous assignment?
DON'T Take every possible precautions, some are dump to take!!!)
Prevent all risks from happening
Possible???
Do what YOU CAN DO!
Have faith to
handle uncertainties
Introduction to
Risk Taking
Falseness
of Security
Zambian Case Study
Zambia
Zambians:
Preferred easy life
Not to take RISK
Not to be AGGRESSIVE
Zambia Journal - "No Risk No Reward"
by Brian McBrearity
This deduces that...
The aversion of risk os due to
Culture permeated during colonial times
Passive behavior ingrained in successive generations
People are not willing to take risk
People are PASSIVE
(INERTIA)
We DON'T
calculate RISKS
Main Idea
Under colonial rule
for over 100 years
Take back sovereignty in 1964 (Independence)
Human Need of Security
Keep us from taking risks
WE WANT THINGS TO BE:
Familiar
Predictable
Controllable
Know Well
HOWEVER IN REAL LIFE
Security = Superstition

(Falseness Belief)
Risk =
Unavoidable
Lessen Risk > Avoid/Prevent Risk
Falseness of Security keep people living
Hellen Keller suggests that:
Life is either
daring adventure OR NO LIFE
Security doesn't exist
Avoiding danger is no safer
Gareth O'Callaghan advise us:
Do NOT FEAR Risk
Do NOT DOUBT
Take on challenges
Reach higher selves
LIFE IS CALCULATED
because
People are having inertia to
COMFORT ZONE
Article
Conclusion
Our
Implication
People NOW Are:
Passive
Don't take
calculated risk
Be glad to
security status quo
Recognize the Risk
Avoid DUMP risk
Take good risk & calculated risk
Attitude 3 Be
Be willing to make mistake
Be confident
Believe yourself
Take Action
Don't Procrastinate
Procrastinate
does nothing
Take action -
improve self-confindence
Each success encourage you to take BIGGER risk
Concepts & Theories & etc...
A Summary & A Recall
Leo F. Buscaglia suggests that
The person who
risks nothing,
does nothing, has nothing,
is nothing, and becomes nothing

He

MAY

avoid suffering and sorrow
, but he simply

cannot learn and feel and change and grow and love and live
THANK
YOU!
Risk Management Strategies
Prevention
Mitigation
Prevention VS Mitigation
?
Argument
PREVENTION is better than CURE
We cannot prevent so much
If it comes, it comes
Argument
What is the BEST Strategy?
PREVENTION
MITIGATION
+
Depend on situation
Prevention
>
Mitigation
HEALTH RISK
Prevention
<
Mitigation
NATURAL DISASTER
This brings up to the topic...
Types of RISKS
Risk
ANCIENT TIMES
MODERN TIMES
Natural
Disasters
MAN-Oriented
Disasters
More
Risk Management Strategies
AART
Strategy
Risk Management Priority
Risk Management Process
Behavorial Theory 1
The Contingency Theory
Is there an optimal decision?
It depends on the situation
Even if there is, the optimal decision will take time & become SUB-OPTIMAL
-> We must be
flexible
to
react on changes induced risks
-> Risk Management strategies

depends on situation
Behavorial Theory 2
The Prospect Theory
Base on perception on risk
Risk Adverse
-> Gain
Risk Seeking
-> Losing
Concepts & Theories & etc...
A Summary & A Recall
Chernobyl Case Study
Different Types of Risk
Perspectives of Group Layering
INDIVIDUAL Risk
SOCIAL Risk
GLOBAL Risk
EXAMPLE
Globalization & Industrial Developement
Sweat Factory / Sweatshop
Labour being exploited
Society Risks
& Individual Risks
Types of Society Risks
1. Health Risk (e.g SARS, H7N9)
2. Crime
3. Business Organization
(e.g. financial, banking)
4. Demography
(Aging , Overpopulation)
Lecture Conclusion
ALL Risks are
inter-related
There is a need to manage risks
Risk is
EVERYWHERE
on earth
China Avian Flu
Case Study
Managing risk at national level
requires public accountability & global transperency
Dilemma Sharing
Sharing dilemma & difficulties with others help manage risks
Cosmetic Surgery
Case Study
We need to weigh risk by comparing benefits & potential risks
Crime Case Study
Problems usually associated with BOTH individual & social factors
Risk management requires managing two sectors
Avian Flu Case Study
Managing risks requires calm nature, exaggerating the case may cause more risks
Global Political & Economic Risk
Every country is inter-affecting each other, so as every single body
Full transcript