Medical Decision Making

A Health Economic Primer

Nonfiction, Health & Well Being, Medical, Reference, Public Health, Business & Finance, Economics
Cover of the book Medical Decision Making by Stefan Felder, Thomas Mayrhofer, Springer Berlin Heidelberg
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Stefan Felder, Thomas Mayrhofer ISBN: 9783662534328
Publisher: Springer Berlin Heidelberg Publication: March 30, 2017
Imprint: Springer Language: English
Author: Stefan Felder, Thomas Mayrhofer
ISBN: 9783662534328
Publisher: Springer Berlin Heidelberg
Publication: March 30, 2017
Imprint: Springer
Language: English

This textbook offers a comprehensive analysis of medical decision making under uncertainty by combining Test Information Theory with Expected Utility Theory. The book shows how the parameters of Bayes’ theorem can be combined with a value function of health states to arrive at informed test and treatment decisions. The authors distinguish between risk-neutral, risk-averse and prudent decision makers and demonstrate the effects of risk preferences on physicians’ decisions. They analyze individual tests, multiple tests and endogenous tests where the test outcome is chosen by the decision maker. Moreover, the topic is examined in the context of health economics by introducing a trade-off between enjoying health and consuming other goods, so that the extent of treatment and thus the potential improvement in the patient’s health becomes endogenous. Finally, non-expected utility models of choice under risk and uncertainty (i.e. ambiguity) are presented. While these models can explain observed test and treatment decisions, they are not suitable for normative analyses aimed at providing guidance on medical decision making.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This textbook offers a comprehensive analysis of medical decision making under uncertainty by combining Test Information Theory with Expected Utility Theory. The book shows how the parameters of Bayes’ theorem can be combined with a value function of health states to arrive at informed test and treatment decisions. The authors distinguish between risk-neutral, risk-averse and prudent decision makers and demonstrate the effects of risk preferences on physicians’ decisions. They analyze individual tests, multiple tests and endogenous tests where the test outcome is chosen by the decision maker. Moreover, the topic is examined in the context of health economics by introducing a trade-off between enjoying health and consuming other goods, so that the extent of treatment and thus the potential improvement in the patient’s health becomes endogenous. Finally, non-expected utility models of choice under risk and uncertainty (i.e. ambiguity) are presented. While these models can explain observed test and treatment decisions, they are not suitable for normative analyses aimed at providing guidance on medical decision making.

More books from Springer Berlin Heidelberg

Cover of the book Physiological Computing Systems by Stefan Felder, Thomas Mayrhofer
Cover of the book Versorgungskonzepte für Menschen mit Demenz by Stefan Felder, Thomas Mayrhofer
Cover of the book Functioning and Management of European Beech Ecosystems by Stefan Felder, Thomas Mayrhofer
Cover of the book Immunological Aspects of Viral Oncolysis by Stefan Felder, Thomas Mayrhofer
Cover of the book Experiences of Climate Change Adaptation in Africa by Stefan Felder, Thomas Mayrhofer
Cover of the book Emerging Health Technology by Stefan Felder, Thomas Mayrhofer
Cover of the book Einführung in die Wirtschaftsinformatik by Stefan Felder, Thomas Mayrhofer
Cover of the book Geotectonics by Stefan Felder, Thomas Mayrhofer
Cover of the book Tranformations in the Facial Region of the Human Embryo by Stefan Felder, Thomas Mayrhofer
Cover of the book Data Matching by Stefan Felder, Thomas Mayrhofer
Cover of the book Stochastic Foundations in Movement Ecology by Stefan Felder, Thomas Mayrhofer
Cover of the book (Endo)symbiotic Methanogenic Archaea by Stefan Felder, Thomas Mayrhofer
Cover of the book Springer Lexikon Physiotherapie by Stefan Felder, Thomas Mayrhofer
Cover of the book Biodegradation and Persistence by Stefan Felder, Thomas Mayrhofer
Cover of the book Advances in CT by Stefan Felder, Thomas Mayrhofer
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy