acceptable risk
Manageable potential downside
Acceptable risk is a level of potential harm or loss that people are willing to tolerate given the circumstances.
The phrase acknowledges that eliminating all risk is often impossible or impractical, so the question becomes how much is reasonable: The FDA determined the side effects were an acceptable risk given the drug's benefits.
What counts as acceptable varies by context—acceptable risk in surgery differs from acceptable risk in finance or engineering.
- tolerableAble to be endured
- manageableAble to be controlled
- calculatedFigured out mathematically
- cost benefitExpense versus gain
- thresholdPoint of beginning
safety margin · exposure · hazard · known unknown · mitigation · due diligence · tradeoff · probability · worst case · safety · margin · gamble · uncertainty · precaution · liability · consequence · negligible · reasonable
- risk levels
- risk analysisthreat assessment, failure analysis, likelihood, probability, severity
acceptable riskreckless endangerment
Charge for dangerous carelessness
recklessness · gross negligence · foolhardiness · criminal negligence · gambling
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