Risk and Medical Decision Making

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9781402070075: Risk and Medical Decision Making
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For people interested in risk management, medical activity represents a stimulating field of study and thought. On the one hand, progress in medical knowledge and technology tends to reduce the risks to survival that individuals would face in the absence of appropriate diagnostic or therapeutic instruments. On the other hand, new medical technologies simultaneously create their own specific risks, sometimes simply because their effects are less well-known than those of established ones. In a sense any medical progress simultaneously generates new risks while destroying old ones. Moreover, unlike many financial risks that can be either divided or transferred to others (e.g. through diversification, insurance or social security) the personal aspects of medical risks are by essence indivisible and non-transferable. As a result, they are in a sense more threatening than financial risks for risk averse patients. These two facts explain and justify the growing interest in risk economics for the fields of medical decision making and health economics.

In Risk and Medical Decision Making, part 1 is developed inside the expected utility (E-U) model and analyses how comorbidity risks affect the well-known "test-treatment" thresholds. Part 2 is devoted to a specific non E-U model with the same purpose: how would one define a threshold in this context and how would one value a diagnostic test? In each of these two parts both diagnostic and therapeutic risks are considered.

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Contenuti:

Preface. 1. Introduction. Part 1: Developments inside the E-U model. 2. The case of diagnostic risks in a single risk environment. 3. The introduction of 'comorbidity risks' and the treatment threshold. The notion of prudence. 4. Treatment decisions under therapeutic risks. 5. The value of diagnostic tests (under risk neutrality). 6. Risk aversion and diagnostic tests. 7. Comorbidity risks and the value of a test: a short overview. Part 2: M.D.M. and new models of choice under risk. 8. Treatment thresholds and the dual theory of choice under risk. 9. Diagnostic tests and the dual theory. Conclusions. References. Index.

Product Description:

Book by Eeckhoudt Louis

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

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9781461353409: Risk and Medical Decision Making

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ISBN 10: 1461353408 ISBN 13: 9781461353409
Casa editrice: Springer Verlag, 2012
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Eeckhoudt, Louis
ISBN 10: 1402070071 ISBN 13: 9781402070075
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Descrizione libro Condizione: New. New. Codice articolo S-1402070071

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ISBN 10: 1402070071 ISBN 13: 9781402070075
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Descrizione libro Springer, 2017. Paperback. Condizione: New. PRINT ON DEMAND Book; New; Publication Year 2017; Fast Shipping from the UK. No. book. Codice articolo ria9781402070075_lsuk

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Descrizione libro Springer-Verlag New York Inc., United States, 2002. Hardback. Condizione: New. 2002 ed. Language: English. Brand new Book. For people interested in risk management, medical activity represents a stimulating field of study and thought. On the one hand, progress in medical knowledge and technology tends to reduce the risks to survival that individuals would face in the absence of appropriate diagnostic or therapeutic instruments. On the other hand, new medical technologies simultaneously create their own specific risks, sometimes simply because their effects are less well-known than those of established ones. In a sense any medical progress simultaneously generates new risks while destroying old ones. Moreover, unlike many financial risks that can be either divided or transferred to others (e.g. through diversification, insurance or social security) the personal aspects of medical risks are by essence indivisible and non-transferable. As a result, they are in a sense more threatening than financial risks for risk averse patients. These two facts explain and justify the growing interest in risk economics for the fields of medical decision making and health economics. In Risk and Medical Decision Making, part 1 is developed inside the expected utility (E-U) model and analyses how comorbidity risks affect the well-known "test-treatment" thresholds. Part 2 is devoted to a specific non E-U model with the same purpose: how would one define a threshold in this context and how would one value a diagnostic test? In each of these two parts both diagnostic and therapeutic risks are considered. Codice articolo LHB9781402070075

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Editore: Springer 2002-04-30 (2002)
ISBN 10: 1402070071 ISBN 13: 9781402070075
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Descrizione libro Springer 2002-04-30, 2002. Hardcover. Condizione: New. Codice articolo 6666-ING-9781402070075

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