"taking calculated risk" doesn't mean to calculate the risk. It means to look at whether the risk is worth taking, and only taking those that are worth.
Lottery is a bad risk - so it would be not wise to take lottery risk (as it's got a negative expectation of return).
"taking calculated risk" doesn't mean to calculate the risk. It means to look at whether the risk is worth taking, and only taking those that are worth.
Lottery is a bad risk - so it would be not wise to take lottery risk (as it's got a negative expectation of return).