Calculated-risk
a chance of failure, the probability of which is estimated before some action is undertaken.
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.
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capable of or made for performing calculations, especially arithmetical calculations: a calculating machine. shrewd; cautious: a wise and calculating lawyer. selfishly scheming: a cold and calculating dictator. to determine or ascertain by mathematical methods; compute: to calculate the velocity of light. to determine by reasoning, common sense, or practical experience; estimate; evaluate; gauge. to make […]
- Calculating-machine
calculator (def 2). Historical Examples Leibniz’s New Essays Concerning the Human Understanding John Dewey The Life and Letters of Lafcadio Hearn, Volume 2 Elizabeth Bisland
- Calculation
the act or process of calculating; computation. the result or product of calculating: His calculations agree with ours. an estimate based on the known facts; forecast: Her calculation of the building costs proved quite accurate. forethought; prior or careful planning. scheming selfishness. Contemporary Examples Obama’s Futile Jobs Plan Zachary Karabell September 7, 2011 You’re Worth […]
- Calculational
the act or process of calculating; computation. the result or product of calculating: His calculations agree with ours. an estimate based on the known facts; forecast: Her calculation of the building costs proved quite accurate. forethought; prior or careful planning. scheming selfishness. Historical Examples Astronomy David Todd noun the act, process, or result of calculating […]
- Calculative
the act or process of calculating; computation. the result or product of calculating: His calculations agree with ours. an estimate based on the known facts; forecast: Her calculation of the building costs proved quite accurate. forethought; prior or careful planning. scheming selfishness. Historical Examples The Flockmaster of Poison Creek George W. Ogden The Flockmaster of […]