Benefit-Risk Assessment

Benefit-Risk Assessment involves evaluating the positive effects (benefits) and negative effects (risks) of a particular action or decision, such as a medical treatment, a new product, or a policy change. It helps determine whether the advantages outweigh the disadvantages. This assessment is crucial in healthcare, for instance, where the benefits of a drug must be weighed against potential side effects to ensure that it's safe and effective for patients. The goal is to make informed choices that maximize benefits while minimizing harm.