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Medical Decision Making - A Health Economic Primer (Hardcover, 3rd ed. 2022)
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Medical Decision Making - A Health Economic Primer (Hardcover, 3rd ed. 2022)
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Total price: R1,981
Discovery Miles: 19 810
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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 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 versions of all chapters and reflects recent innovations in
medical decision-making such as decision curve analysis. New
chapters focus on the health economics of and revealed preferences
in medical decisions. The book is intended for students of (health)
economics and medicine as well as for medical decision-makers and
physicians dealing with uncertainty in their test and treatment
decisions.
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