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Medical Decision Making

A Health Economic Primer

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Pages
340 pages
Reading time
12 hours

More about the book

Focusing on medical decision-making under uncertainty, this textbook integrates test information theory with expected utility theory. It explores how Bayes' theorem parameters and health state value functions inform test and treatment choices amidst diagnostic risks. By distinguishing between different risk preferences—risk-neutral, risk-averse, and prudent—the authors illustrate their impact on decisions. The analysis includes individual and multiple tests, diagnostic models, and evaluates outcomes using quality-adjusted life years (QALYs). Additionally, it discusses non-expected utility models, highlighting their limitations for normative guidance in medical choices.

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Medical Decision Making, Stefan Felder, Thomas Mayrhofer

Language
Released
2022
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(Hardcover)
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