calculated risk

noun

a chance of failure, the probability of which is estimated before some action is undertaken.

Examples from the web 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

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.