Medical decision making : a health economic primer

Felder, Stefan and Mayrhofer, Thomas. (2011) Medical decision making : a health economic primer. Berlin.

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Official URL: http://edoc.unibas.ch/dok/A5672394

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This textbook offers a comprehensive theory of medical decision making under uncertainty, combining informative test theory with the expected utility hypotheses. The book show how the prameters of Bayes' theorem can be combined with a value function of health states to arrive at informed test and treatment decisions. The authors distinguishe betwenn riks neutral, risk averse and prudent decision makers and demonstrate the effects of risk preferences on physicians' decisions. They analyze indiviual tests, multiple tests and endogenous tests where the test result is determined by the decision maker. Finally, the topic is examined in the context of healht economics by introducing a trede-off between enjoying health and consuming other goods, so that the extent of treatment and thus the potential improvement in the patient's health become endogenous.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Health Economics (Felder)
UniBasel Contributors:Felder, Stefan
Item Type:Book
Book Subtype:Authored Book
Number of Pages:200
Note:Publication type according to Uni Basel Research Database: Authored book
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Last Modified:13 Apr 2018 06:17
Deposited On:01 Feb 2013 08:41

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