risk-benefit assessments

Risk-benefit assessment is a process used to evaluate whether the advantages of a decision or action outweigh its potential risks or downsides. It involves carefully considering all possible positive outcomes—like improved health, safety, or efficiency—against potential negative effects, such as side effects or hazards. This helps individuals, organizations, or regulators make informed choices by weighing the potential gains against the possible harms, aiming to achieve the best overall outcome. Essentially, it’s about making thoughtful, balanced decisions based on evidence and careful analysis.