Can I read Medical Decision Making : A Health Economic Primer on EtoBox?

Medical Decision Making : A Health Economic Primer by Stefan Felder; Thomas Mayrhofer is a nonfiction available to read on EtoBox.

What is Medical Decision Making : A Health Economic Primer about?

This textbook offers a comprehensive analysis of medical decision-making under uncertainty by combining test information theory with expected utility theory. The authors show how the parameters of Bayes’ theorem can be combined with a value function of health states in order to arrive at informed test and treatment decisions in the face of diagnostic and therapeutic risks. Distinguishing between risk-neutral, risk-averse, and prudent decision-makers, they demonstrate the effects of risk preferences on medical decisions. Furthermore, they analyze individual and multiple tests as well as diagnostic models in which the decision-maker chooses the test outcome. The consequences of test and treatment decisions for the patient are encompassed by quality-adjusted life years (QALYs) and the standard economic model, which applies the willingness to pay for health approach. Lastly, non-expected utility models of choice under risk and uncertainty are presented. Although these models can explain some of the test and treatment decisions observed, they are less suitable for normative analyses aimed at providing guidance on medical decision-making. This third edition provides extensively revised v

Who reads Medical Decision Making : A Health Economic Primer?

Author

Stefan Felder; Thomas Mayrhofer

Publisher

Springer Nature

Published

2022

Language

EN

ISBN

9783662646533

Category

nonfiction

Subjects

Business, Medical, Management