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Medical decision makinga health econ...

Felder, Stefan.

Medical decision makinga health economic primer /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Medical decision makingby Stefan Felder, Thomas Mayrhofer.
Reminder of title:	a health economic primer /
Author:	Felder, Stefan.
other author:	Mayrhofer, Thomas.
Published:	Berlin, Heidelberg :Springer Berlin Heidelberg :2017.
Description:	xx, 253 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	MedicineDecision making.
Online resource:	http://dx.doi.org/10.1007/978-3-662-53432-8
ISBN:	9783662534328$q(electronic bk.)

Medical decision makinga health economic primer /
Felder, Stefan.

Medical decision makinga health economic primer /[electronic resource] :by Stefan Felder, Thomas Mayrhofer. - 2nd ed. - Berlin, Heidelberg :Springer Berlin Heidelberg :2017. - xx, 253 p. :ill., digital ;24 cm.

Introduction -- Basic Tools in Medical Decision Making -- Preferences, Expected Utility, Risk Aversion and Prudence -- Treatment Decisions Without Diagnostic Tests -- Treatment Decisions with Diagnostic Tests -- Treatment Decisions Under Comorbidity Risk -- Optimal Strategy for Multiple Diagnostic Tests -- The Optimal Cutoff Value of a Diagnostic Test -- A Test's Total Value of Information -- Valuing Health and Life -- Imperfect Agency and Non-expected Utility Models.

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.

ISBN: 9783662534328$q(electronic bk.)

Standard No.: 10.1007/978-3-662-53432-8doiSubjects--Topical Terms:

221008
Medicine
--Decision making.

LC Class. No.: R723.5 / .F45 2017

Dewey Class. No.: 610

Medical decision makinga health economic primer /
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245 1 0 $a Medical decision making $h [electronic resource] : $b a health economic primer / $c by Stefan Felder, Thomas Mayrhofer.
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300 $a xx, 253 p. : $b ill., digital ; $c 24 cm.
505 0 $a Introduction -- Basic Tools in Medical Decision Making -- Preferences, Expected Utility, Risk Aversion and Prudence -- Treatment Decisions Without Diagnostic Tests -- Treatment Decisions with Diagnostic Tests -- Treatment Decisions Under Comorbidity Risk -- Optimal Strategy for Multiple Diagnostic Tests -- The Optimal Cutoff Value of a Diagnostic Test -- A Test's Total Value of Information -- Valuing Health and Life -- Imperfect Agency and Non-expected Utility Models.
520 $a 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.
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650 2 4 $a Public Health. $3 320661
650 2 4 $a Health Care Management. $3 674996
650 2 4 $a Epidemiology. $3 191577
650 2 4 $a Operation Research/Decision Theory. $3 585050
650 2 4 $a Statistics for Life Sciences, Medicine, Health Sciences. $3 274067
700 1 $a Mayrhofer, Thomas. $3 522379
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