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OverviewThis textbook offers a comprehensive theory of medical decision making under uncertainty, combining informative test theory with the expected utility hypothesis. 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 result is determined by the decision maker. Finally, 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 become endogenous. Full Product DetailsAuthor: Stefan Felder , Thomas MayrhoferPublisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K Edition: 2011 ed. Dimensions: Width: 15.50cm , Height: 1.40cm , Length: 23.50cm Weight: 0.500kg ISBN: 9783642183294ISBN 10: 3642183298 Pages: 200 Publication Date: 22 July 2011 Audience: Professional and scholarly , Professional & Vocational Replaced By: 9783662534311 Format: Hardback Publisher's Status: Active Availability: Awaiting stock The supplier is currently out of stock of this item. It will be ordered for you and placed on backorder. Once it does come back in stock, we will ship it out for you. Table of Contents1 Introduction.- 2 Basic Tools in Medical Decision Making.- 3 Expected Utility, Risk Aversion and Prudence.- 4 Treatment Decisions Without Diagnostic Tests.- 5 Treatment Decisions with Diagnostic Tests.- 6 Treatment Decisions Under Comorbidity Risk.- 7 Optimal Strategy for Multiple Diagnostic Tests.- 8 The Optimal Cutoff Point of a Diagnostic Test.- 9 A Test's Total Value of Informations.- 10 Valuing Health and Life.- 11 Conclusion.ReviewsAuthor InformationProf. Dr. Stefan Felder holds the Chair of Health Economics at the Economics Department of the Duisburg-Essen University. He studied economics and sociology, received his Ph.D. and his venia docendi from the University of Bern. He worked and taught at the University of Western Ontario (1990/92), University of Zurich (1992/1996) and University of Fribourg (1993/95) before joining the Faculties of Medicine and Economics at the University of Magdeburg in 1997. He currently is the general secretary of the German Association of Health Economics. From 2011, he will take over the Endowed Chair of Health Economics at the University of Basel, Switzerland. Thomas Mayrhofer is a Research Associate in the Doctoral Program in Economics at the Chair of Health Economics, University Duisburg-Essen. Tab Content 6Author Website:Countries AvailableAll regions |