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calculated risk

noun
1.
a chance of failure, the probability of which is estimated before some action is undertaken.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for calculated risk
  • We simply don't have the resources to prevent all catastrophes and still allow for innovation and calculated risk-taking.
  • It was a carefully calculated risk that held out the prospect of huge rewards.
  • And for others, it's a calculated risk that they take.
  • It's a calculated risk that each employee can and should decide whether it's worth the gamble.
  • In this way, the calculated risk is the incremental lifetime cancer risk above background.
  • Increase tolerance for calculated risk-taking, including learning from unsuccessful efforts on the path to success.
Idioms and Phrases with calculated risk
A chance taken after careful estimation of the probable outcome, as in Taking their dispute to arbitration was definitely a calculated risk. This term uses calculated in the sense of “planned with forethought,” a usage from the mid-1800s. Its pairing with risk dates from World War II, when the chances for losing bombers were taken into account before a bombing mission was sent out. After the war the term was transferred to other undertakings where taking a chance to succeed had to be weighed against the costs of failure.
The American Heritage® Idioms Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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