Solution 1:

Why don't you measure it using the timeit module? That way you can see whether it's relevant to your application.

OK, so I've just tried the following:

import timeit

statements=["""\
try:
    b = 10/a
except ZeroDivisionError:
    pass""",
"""\
if a:
    b = 10/a""",
"b = 10/a"]

for a in (1,0):
    for s in statements:
        t = timeit.Timer(stmt=s, setup='a={}'.format(a))
        print("a = {}\n{}".format(a,s))
        print("%.2f usec/pass\n" % (1000000 * t.timeit(number=100000)/100000))

Result:

a = 1
try:
    b = 10/a
except ZeroDivisionError:
    pass
0.25 usec/pass

a = 1
if a:
    b = 10/a
0.29 usec/pass

a = 1
b = 10/a
0.22 usec/pass

a = 0
try:
    b = 10/a
except ZeroDivisionError:
    pass
0.57 usec/pass

a = 0
if a:
    b = 10/a
0.04 usec/pass

a = 0
b = 10/a
ZeroDivisionError: int division or modulo by zero

So, as expected, not having any exception handler is slightly faster (but blows up in your face when the exception happens), and try/except is faster than an explicit if as long as the condition is not met.

But it's all within the same order of magnitude and unlikely to matter either way. Only if the condition is actually met, then the if version is significantly faster.

Solution 2:

This question is actually answered in the Design and History FAQ:

A try/except block is extremely efficient if no exceptions are raised. Actually catching an exception is expensive.

Solution 3:

This question is misleading. If you assume the exception is never triggered, neither one is optimal code.

If you assume the exception is triggered as part of an error condition, you are already outside the realm of wanting optimal code (and you probably aren't handling it at a fine-grained level like that anyway).

If you are using the exception as part of the standard control flow - which is the Pythonic "ask forgiveness, not permission" way - then the exception is going to be triggered, and the cost depends on the kind of exception, the kind of if, and what percentage of time you estimate the exception happens.

Solution 4:

In Python 3.11,

“Zero-cost” exceptions are implemented. The cost of try statements is almost eliminated when no exception is raised. (Contributed by Mark Shannon in bpo-40222.)

https://docs.python.org/3.11/whatsnew/3.11.html#optimizations