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This experiment investigates decisions made by prospective economists and physicians in an allocation problem which can be framed either medically or neutrally. The potential recipients differ with respect to their minimum needs as well as to how much they benefit from a treatment. We classify...
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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...
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1 Introduction -- 2 Basic Tools in Medical Decision Making -- 3 Expected Utility, Risk Aversion and Prudence -- 4 Treatment Decisions Without Diagnostic Tests -- 5 Treatment Decisions with Diagnostic Tests -- 6 Treatment Decisions Under Comorbidity Risk -- 7 Optimal Strategy for Multiple...
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Chapter 1. Introduction -- Chapter 2. Basic Tools in Medical Decision Making -- Chapter 3. Basic Tools in Economics: Preferences, Expected Utility, Risk Aversion and Prudence -- Chapter 4. Treatment Decisions -- Chapter 5. Test and Treatment Decisions -- Chapter 6. Prudence and Medical Decision...
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