risk–benefit analysis

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Strictly speaking, an economic analysis in which the direct and indirect costs of an action or intervention are set out in a balance sheet with the economic benefits in the opposing columns, but in practice more often a qualitative comparison of predictable risks and expected benefits or, if done after the fact, pairs of lists setting out the benefits that have followed actions or interventions for which the identifiable risks (or harms) were also known. See also cost-benefit analysis.

Subjects: Public Health and Epidemiology.

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