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Risk and Medical Decision Making

Risk and Medical Decision Making
Author: Louis Eeckhoudt
Publisher: Springer Science & Business Media
Total Pages: 140
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461509912

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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.


Decision Making in Health and Medicine

Decision Making in Health and Medicine
Author: M. G. Myriam Hunink
Publisher: Cambridge University Press
Total Pages: 447
Release: 2014-10-16
Genre: Education
ISBN: 1107690471

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A guide for everyone involved in medical decision making to plot a clear course through complex and conflicting benefits and risks.


Risk and Decision Making

Risk and Decision Making
Author:
Publisher:
Total Pages: 80
Release: 2000
Genre: Decision making
ISBN:

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Medical Decision Making

Medical Decision Making
Author: Stefan Felder
Publisher: Springer
Total Pages: 262
Release: 2017-03-30
Genre: Business & Economics
ISBN: 3662534320

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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 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.


Making Medical Decisions

Making Medical Decisions
Author: Richard Gross
Publisher: ACP Press
Total Pages: 135
Release: 1999
Genre: Medical
ISBN: 0943126754

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Never before have the powerful techniques of decision analysis had more importance for patient and doctor. This book translates the major principles of medical decision making into clinically relevant and easy-to-understand terms. Filled with examples drawn from patient care and familiar games of chance, Making Medical Decisions teaches the reader how to feel confident about giving the best advice in the face of the inherent uncertainties of real-world medicine.


Encyclopedia of Medical Decision Making

Encyclopedia of Medical Decision Making
Author: Michael W. Kattan
Publisher: SAGE
Total Pages: 1281
Release: 2009-08-18
Genre: Medical
ISBN: 1412953723

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The Encyclopedia of Medical Decision Making presents state-of-the-art research and ready-to-use facts sorting out findings on medical decision making and their applications.


Smart Health Choices

Smart Health Choices
Author: Les Irwig
Publisher: Judy Irwig
Total Pages: 255
Release: 2008
Genre: Health & Fitness
ISBN: 1905140177

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Every day we make decisions about our health - some big and some small. What we eat, how we live and even where we live can affect our health. But how can we be sure that the advice we are given about these important matters is right for us? This book will provide you with the right tools for assessing health advice.


Principles of Risk-Based Decision Making

Principles of Risk-Based Decision Making
Author: In c. ABS Consulting
Publisher: Government Institutes
Total Pages: 225
Release: 2002-02
Genre: Business & Economics
ISBN: 0865879087

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Principles of Risk-Based Decision Making provides managers with the foundation for creating a proactive organizational culture that systematically incorporates risk into key decision-making processes. Based on methodology adopted by a number of organizations including the federal government, this book examines risk-based decision making as a process for organizing information about the possibility for unwanted outcomes in a simple, practical way that helps decision makers make timely, informed management choices that minimize harmful effects on safety and health, the environment, property loss, or mission success. Citing practical examples, charts, and checklists, the authors break the risk-based decision making process into five key components: establishing the decision structure, performing the risk assessment, managing sufficient risks, monitoring effectiveness of adopted risk controls through impact assessment, and facilitating risk communication. They examine each component in detail and outline available decision analysis and risk assessment tools that aid in each of these risk-based decision making functions. This book also walks readers through eight project management steps—from scoping a risk assessment to evaluating the recommendations—the components of each, and the importance of these steps to the success of a risk assessment. Special features include a table for applying the risk-based decision-making process, a hazard identification guidesheet, an example of human error, an acronym list, and a glossary.


Principles of Risk Analysis

Principles of Risk Analysis
Author: Charles Yoe
Publisher: CRC Press
Total Pages: 576
Release: 2016-04-19
Genre: Technology & Engineering
ISBN: 1439857504

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In every decision context there are things we know and things we do not know. Risk analysis uses science and the best available evidence to assess what we know-and it is intentional in the way it addresses the importance of the things we don't know. Principles of Risk Analysis: Decision Making Under Uncertainty lays out the tasks of risk analysis i