Understanding Risk and Reward

What does "risk" mean?

• Something that is always safe

• The chance that something might go wrong

• Something you can eat

• A type of animal

Which of these is an example of a reward?

• Winning a prize for a good drawing

• Falling over in the playground

• Losing your lunchbox

• Getting wet in the rain

If you cross the road without looking, what kind of risk are you taking?

• No risk at all

• A risk of getting hurt

• A reward

• A type of food

What is a "systematic risk"?

• A risk that affects everyone, like a big storm

• A risk that only affects one person

• A type of sweet

• A new game

What is an "unsystematic risk"?

• A risk that only affects one person or a small group

• A risk that affects the whole country

• A type of tree

• A kind of weather

Which of these is a reward for doing your homework?

• Getting extra playtime

• Losing your pencil

• Getting a cold

• Missing your favourite TV show

How do we measure risk?

• By guessing

• By thinking about what could go wrong and how likely it is

• By counting sweets

• By running fast

If you are careful when climbing a tree, what are you doing?

• Reducing your risk

• Making more risk

• Ignoring risk

• Eating the tree

Which of these is a way to quantify risk?

• Using numbers to show how likely something is to happen

• Using colours to paint a picture

• Using a ruler to measure your height

• Using a thermometer to check the weather

If something has a 50% chance of happening, what does that mean?

• It will never happen

• It might happen or might not

• It will always happen

• It is a type of food