From Python 2.5 onwards you can do:
value = b if a > 10 else c
Previously you would have to do something like the following, although the semantics isn't identical as the short circuiting effect is lost:
value = [c, b][a > 10]
There's also another hack using 'and ... or' but it's best to not use it as it has an undesirable behaviour in some situations that can lead to a hard to find bug. I won't even write the hack here as I think it's best not to use it, but you can read about it on Wikipedia if you want.
simple is the best and works in every version.
if a>10:
value="b"
else:
value="c"
Source: Stackoverflow.com