risk-benefit
Danger versus reward
Risk-benefit describes the weighing of potential harms against potential gains when making decisions.
The term appears most often in medical and regulatory contexts: a risk-benefit analysis of the new drug, The risk-benefit ratio favored surgery.
Any choice involving tradeoffs can be evaluated this way—the risks of action balanced against what might be gained.
Independent decision-making capacity
- paternalismControlling others for their good
- informed choiceSelection based on understanding
- moral calculusReasoning about right action
- utilitarianismGreatest-happiness moral theory
consequentialism · justice · proportionality · vulnerability · consent · duty of care · fairness · transparency
Human subject research experiment
- informed consentPermission given with understanding
- therapeuticPromoting healing or wellness
- efficacyAbility to produce results
- side effectUnintended secondary outcome
FDA approval · drug safety · patient autonomy · dosage · contraindication · off-label · placebo · pharmaceutical
Deploying capital for returns
- portfolioCollected works or assets
- returnGo back again
- diversificationExpanding into varied areas
- hedgeBoundary of planted shrubs
volatility · capital allocation · due diligence · asset management · speculation · yield · liquidity · opportunity cost
Official rules governing conduct
- public healthCommunity-level disease prevention
- environmental impactEffect on natural systems
- cost-effectivenessValue relative to expenditure
- stakeholderParty with an interest
precautionary principle · legislation · social welfare · unintended consequence · governance · impact assessment · compliance · mandate
autonomy
Independent decision-making capacity
- paternalismControlling others for their good
- informed choiceSelection based on understanding
- moral calculusReasoning about right action
utilitarianism · consequentialism · justice · proportionality · vulnerability · consent · duty of care · fairness · transparency · accountability
clinical trial
Human subject research experiment
- informed consentPermission given with understanding
- therapeuticPromoting healing or wellness
- efficacyAbility to produce results
side effect · FDA approval · drug safety · patient autonomy · dosage · contraindication · off-label · placebo · pharmaceutical · toxicity
investment
Deploying capital for returns
- portfolioCollected works or assets
- returnGo back again
- diversificationExpanding into varied areas
hedge · volatility · capital allocation · due diligence · asset management · speculation · yield · liquidity · opportunity cost · leverage
regulation
Official rules governing conduct
- public healthCommunity-level disease prevention
- environmental impactEffect on natural systems
- cost-effectivenessValue relative to expenditure
stakeholder · precautionary principle · legislation · social welfare · unintended consequence · governance · impact assessment · compliance · mandate · public interest
- medical decisionstreatment planning, informed consent, treatment options, clinical judgment, DNR
risk-benefitrandom selection
Choosing without systematic bias
coin flip · whim · caprice · impulse · leap of faith
risk-benefitintuition
Instinctive immediate understanding
gut feeling · instinct · blind faith · superstition · groupthink
risk-benefitimpulse
Sudden urge to act
snap judgment · gut reaction · recklessness · rashness · leap of faith
risk, benefit, risks, risked, risking, risky, riskier, riskiest, riskiness