Who Wants to be a Millionaire - Essay Example

Comments (0) Cite this document
This essay "Who Wants to Be a Millionaire?" discusses the factors when it comes to taking risks and playing safe in lotteries. The essay analyses an influence on an individual’s decision making when it comes to making choices in a lottery game such as the social-economic factors, demographic factors…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.7% of users find it useful
Who Wants to be a Millionaire
Read TextPreview

Extract of sample "Who Wants to be a Millionaire"

Although life is about taking risks, the average individual would rather play safe because a person is assured that at the end of it all he or she will still go home with something. It is better to have something than have nothing at all.

There is a high possibility that an average person might never have a chance, for instance, to win millions of shillings. To think that the same individual will throw away such a golden chance on uncertain possibility is wishful thinking. No rational human being would take such a risk; but then is a life not full of surprises, after all, no person knows what is in store for the future. There is a probable possibility that the average individual could also hit the jackpot, and go home very rich if he or she took a little time to take a risk. They say the best things come to those who take risks, and why not take that risk; it might be the real deal-breaker after all (Dwijen 22).

Social-economic factors are the economic and social experiences and realities that assist in molding one's attitudes, personality and lifestyle. Examples include education, level of wealth, social awareness and profession (John 34). Demographic factors include the age of an individual, marital status and sex. A person’s level of wealth may influence an individual to take a risk or play safe. If a person is rich, he or she will probably take the risk because he or she will have no setbacks if he or she loses, since he or she has lots of other wealth. On the other hand, individuals with fewer riches will go for the safe deal because that money may be all they possess. An educative individual will go for safe lottery since it is more rational to do so. Male individuals will take risks while female individuals will play safe; this is because men are risk-takers and women, not much risk-takers.

Lastly, the premium attached to guessing is sometimes worthy and not worthy. It might be worthy because one might guess right and hit a jackpot, yet it might not be worthy because one might guess wrong and win nothing. One of the circumstances that may make an individual go for a risky lottery is if that individual is a risk-taker, and humans are very much attracted to risks. The other circumstance is when the individual is very certain that the guess they are going to give is correct. Read More
Cite this document
  • APA
  • MLA
(Who Wants to be a Millionaire Essay Example | Topics and Well Written Essays - 605 words, n.d.)
Who Wants to be a Millionaire Essay Example | Topics and Well Written Essays - 605 words. Retrieved from
(Who Wants to Be a Millionaire Essay Example | Topics and Well Written Essays - 605 Words)
Who Wants to Be a Millionaire Essay Example | Topics and Well Written Essays - 605 Words.
“Who Wants to Be a Millionaire Essay Example | Topics and Well Written Essays - 605 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Who Wants to be a Millionaire

Film analysis: Slumdog millionaire

...Film analysis: Slumdog millionaire Introduction The Slumdog Millionaire is a film by director Boyle Danny and written by scriptwriter Beaufoy Simon that is a drama film produced in 2008. Tanadan Loveleen co-directed the film and starred Dev Patel, Freida Pinto, Anil Kapoor, Mittal Madhur, and Khan Irrfan. The story revolves around the life of Jamal who participates in a life changing television show in India and is at the verge of answering the last question for him to become the millionaire, but the Indian police arrest him for cheating claims. The film takes the audience through many of the events in Malik Jamal’s life that hold the keys to the answers that he gave at...
6 Pages(1500 words)Essay

Changing American Dream Be a Millionaire": "There can be little doubt that the producers of the millionaire games shows, the state lotteries, and lawyers are getting rich on other people's yearning for the American Dream" (Who Wants to Be a Millionaire: Changing Conceptions of the American Dream, 2005). References 1. Harvey, Sally P. Redefining the American Dream: The Novels of Willa Cather. Rutherford, NJ: Fairleigh Dickinson UP, 1995. 2. Rosenberg, E. Spreading the American Dream: American Economic and Cultural Expansion, 1890-1945. Hill & Wang Pub; 1st ed edition. 1982. 3. Stewart, Grace. "Diversity and the American Dream." Private Voices, Public Lives: Women Speak on...
2 Pages(500 words)Essay

What everybody wants

...which was a letter by Colonial Dame who insulted him over his broadcast error. But Dale instead of writing back and arguing called her and said sorry to her over his mistake and listened to her viewpoint. She then also apologized for being so rude. This event from his life clearly presents that it is a part of human nature that he wants to be listened to. It is a fact that every being wants to share his views and a person craves for pity as well as consideration to his viewpoints. This according to Dale is the best method of winning over people. A very good example to support this has been given by Dr. Arthur I. Gates in his book on the subject of human psychology where he explains...
2 Pages(500 words)Essay


...Millionaire Winning ten million dollars would definitely be a life changing experience for anybody. As for myself, I believe that winning that amount will bring out my philanthropic side. Having come from a very simple family,I have always lived my life by simple means. All that money would be truly excessive for someone like me because the money is not meant to change the way I live but rather, improve upon who I already am. To paraphrase something that Bill Gates once said “I have all this money and I still eat the same food and enjoy the same things in life”. So why would I would need all that extra money right? In my case, I would most likely keep five million of the money to invest and insure my...
1 Pages(250 words)Essay

Make me a Millionaire

...Make me a Millionaire Financial freedom is what many aspire to achieve as the case suggest on needs steady income to achieve this goal. One need to be active, healthy and knowledgeable as far as personal finance is a concern to be able to achieve financial independence at the age of 55. The most notable aspect is identifying a financial advisor who will give an over view of how to sustain wealth, creating income through diversification, where to save, which investment to take and which not to take and most importantly being risk averse (Toten 78). My fast goal as financial advisor is to commend your financially achievement by having an income is an excellent start for a young person of this age. My...
3 Pages(750 words)Coursework

Slumdog Millionaire

...Movie Review: Slumdog Millionaire In the movie Slumdog Millionaire, the focus was upon the plight of the desperately poor children living in India. However, the movie also had a compare and contrast element to it, in that, in the first part of the movie, the children were living in Bombay. By the end of the movie, after Jamal, Salim and Latika were young adults, Bombay had become Mumbai. Therefore, the contrast was between how the desperately poor children lived in Bombay, which was pre-modernity and pre-industrialization, compared to how they lived in Mumbai, which was post-modernity and post-industrialization. The plight was similar in both situations – the poor remained desperately poor – but how they...
2 Pages(500 words)Movie Review

The Slumdog Millionaire

...The Slumdog Millionaire The film, Slumdog Millionaire authored by VikasSwarup, features the story of an 18-year-old boy. The boy, Jamal Malik, comes from the slum streets of Mumbai. The film when the boy is about to witness the best day in his life. He is a participant in the competition dubbed, “who wants to be a millionaire?” the Indian version and is only almost about to win the grand prize if he answers the last question correctly. Besides being poor, Malik is also uneducated and surprises people by his performance in the game. The other contestants and audience thinks he is cheating because there is no way an illiterate person can know all that. Police also become suspicious and wait for the start of the show at night when... Slumdog...
1 Pages(250 words)Movie Review


...Millionaire The David Bach has put forth a method of accumulating wealth that is very user friendly to the layperson. He backs his claims with figures and calculations that prove his theory in a very simple, straightforward manner. His work is also unique form most other works that talk about wealth accumulation and getting rich. Unlike most others, Bach does not advocate for making more money but using what you have smartly. This means that one does not have to make a lot of money to be rich. He also claims that no discipline is required in acquiring wealth if one puts into place the necessary mechanisms he outlines. Contrary to most theories on becoming rich, the writer gives hope to the employed that they too can get...
2 Pages(500 words)Essay

Slumdog Millionaire

.... Destiny shows them many different colors of life. Winner of four Golden Globe awards, eight Oscars and many more awards like the Baftas, Sulmdog Millionaire is not just a critically acclaimed film, but also a hardcore entertainer. Jamal, the prime character of Slumdog Millionaire, is an attentive child who notices and remembers things. As a matter of destiny or luck, or just a sheer coincidence Jamal gets to participate in Who Wants to be a Millionaire. He goes to the show, so he can send a message to his long lost love, as he knows she watches the show. A boy, who did not complete school, comes from the slums of...
6 Pages(1500 words)Essay

The Millionaire Next Door

... The Millionaire Next Door by Thomas Stanley & William Danko The Millionaire Next Door: the Surprising Secrets of America’s Wealthy is a contemporary book written by Thomas J. Stanley and William Danko. The authors have surveyed the millionaires of America, including their life and their careers and have inferred several interesting anecdotes about this wealthy population. The book has destroyed some of the popular notions about the “affluent class” and their ways of living and provides new insights in these areas. The inferences are supported by the results of surveys, statistical data and case studies. The authors have cited several cases of people...
6 Pages(1500 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Who Wants to be a Millionaire for FREE!

Contact Us