I tried
var test = document.getElementById("some_element").value || "defaultvalue";
But since it returns null, that doesn't seem to work.
The shortest I could come up with so far is
var test = "defaultvalue";
if(document.getElementById("some_element") !== null) test = document.getElementById("some_element").value;
or
var test = (document.getElementById("some_element") !== null)?document.getElementById("some_element").value:"defaultvalue";
However, is there an even more concise way to write this fallback?