Optional vs throwing an exception

Question

Is it true that since Java 1.8 returning Optional object is more preferable than throwing an exception? Increasingly i see the code like this:

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Answer 1

In situations where errors might arise, a suitable datatype is Try.

Instead of using the abstractions 'present' or 'empty', a Try uses the abstractions 'failure' or 'success'.

As Try is not provided by Java 8 out of the box, it is necessary to use some 3. party library. (Maybe we will see it added in Java 9?)

Try for Java