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Related to calculated: calculated risk
A risky action that has been carefully considered beforehand, in which the chance or likelihood of a beneficial outcome outweighs the risk or cost of failure. We decided to take the calculated risk of going to trial, rather than settling out of court.
calculate (something) into (something)
To include a particular amount as one does calculations. When you submit your travel expenses for reimbursement, be sure to calculate gas into the total. Wait, I didn't calculate the tip into each person's total, so we need to give the server more money.
See also: calculate
calculate on (something)
To consider or think about something. He'll have an answer for you soon—he's been calculating on your offer for days.
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.