Part I　Lead-in Activities

Directions:You will hear a passage about definitions of investing and gambling.The words or phrases listed below will be of some help to you.

approximate adj.almost correct or exact but not completely so近乎正确或精确的；大约的；大概的

risk-averse adj.trying to avoid risks风险规避的；不愿承担风险的

descend v.come or go down（sth）下来；下去；下降

systematic adj.characterized by order and planning系统的；体系的；有系统的

motivate v.give an incentive for action刺激；使有动机；激发……的积极性

compulsion n.［U］compelling or being compelled强迫；强制；被迫；［C］urge（esp to behave in an irrational way）that one cannot resist（不能克制的）欲望，冲动，要求（尤指不合情理的行为）

odds n.the likelihood of a thing occurring rather than not occurring几率；胜算

discrete adj.constituting a separate entity or part离散的，不连续的

positive adj.with no possibility of doubt；clear and definite无可怀疑的；明确的；确定的；_____tending towards increase or improvement倾向于增加或改善的

Complete the following paragraphs according to the recording you have just heard.

Investing is____1__activity in which money is put at risk for the purpose of making a____2__，and which is characterized by some or most of the following（in approximately____3__order of importance）:____4__research has been conducted；the odds are favorable；the behavior is riskaverse；a systematic____5__is being taken；emotions such as____6__and fear play no role；the activity is ongoing and done as part of a____7__plan；the activity is not____8__solely by____9__or compulsion；ownership of something___10___is involved；a___11___positive economic effect results.

Gambling___12___refers to any activity in which money is put at risk for the purpose of making a profit，but___13___is characterized by some or most of the following（in approximately descending order of___14___）:___15___or no research has been conducted；the odds are___16___；the behavior is__17__；an unsystematic approach is being taken；emotions such as greed and fear play a role；the activity is a___18___event or series of discrete events not done as part of a long-term plan；the activity is___19___motivated by entertainment or compulsion；ownership of something tangible is not involved；___20___net economic effect results.

Judge whether the following statements are true or false according to the listening material you have just heard.

1.For the common purpose of making a profit，gambling involves risk，but investing not.

2.Generally speaking，investors tend to make sufficient research before their decision，while gamblers conduct little or no research before their participation.

3.The actions of both investors and gamblers are driven by their greed and influenced by their fear.

4.Unlike gambling，investing is not motivated by entertainment or compulsion at all.

5.Investors try their best to avoid risks，but gamblers enjoy seeking risks.