A calculated risk is a decision that involves taking an action or making a choice where there is some degree of uncertainty, but the potential benefits are believed to outweigh the potential losses. It requires careful analysis and evaluation of available information in order to make an informed decision. The term "calculated" implies that the individual has taken into account all possible risks and rewards before deciding whether or not to proceed with the action. A calculated risk is often necessary when pursuing opportunities for growth, but it can also come with potential consequences if the outcome does not turn out as expected.