risk-benefit analysis
Weighing pros, cons
Risk-benefit analysis is evaluating whether the potential gains of an action outweigh its potential harms.
The term appears frequently in medicine, policy, and business: The risk-benefit analysis favored the new treatment despite side effects.
A risk-benefit analysis weighs probable outcomes rather than certain ones, acknowledging that most decisions involve uncertainty.
- trade-offExchange requiring sacrifice
- informed consentPermission given with understanding
- informed decisionChoice made with facts
- do no harmAvoid causing injury
- side effectsUnintended treatment consequences
clinical trials · probability · decision-making · moral hazard · precautionary principle · playing it safe · paternalism · contraindications · FDA approval · regulatory approval · clinical judgment · stakeholder engagement · uncertainty · worst case scenario · public health policy · mitigation · accountability · gain
risk-benefit analysisgut instinct
Immediate unreasoned knowing
impulse · snap judgment · intuition · whim · knee-jerk reaction
risk-benefit analysisintuitive thinking
Cognition through instinct
gut feeling · emotional reasoning · wishful thinking · magical thinking · pattern recognition
risk-benefit analysisrecklessness
Careless disregard for danger
throwing caution to the wind · reckless abandon · willful ignorance · blind faith · heedlessness