Benefits of using the conditional ?: (ternary) operator

Question

What are the benefits and drawbacks of the ?: operator as opposed to the standard if-else statement. The obvious ones being:

Conditional ?: Operator

Answer 1

I would basically recommend using it only when the resulting statement is extremely short and represents a significant increase in conciseness over the if/else equivalent without sacrificing readability.

Good example:

int result = Check() ? 1 : 0;

Bad example:

int result = FirstCheck() ? 1 : SecondCheck() ? 1 : ThirdCheck() ? 1 : 0;