Calculated risks are those that are taken with a careful consideration of the potential outcomes before making a decision. Synonyms for calculated risk include strategic gamble, calculated gamble, rational wager, prudent speculation, informed bet, and shrewd guess. These terms suggest that there is a level of thought and analysis involved in the decision-making process, rather than simply taking a blind leap of faith. Taking calculated risks can be an important part of personal and professional growth, allowing individuals to step outside of their comfort zones and take on new challenges. However, it is important to carefully weigh the potential risks and rewards before taking any action.