Lessons Learned by (from?) an Economist Working in Medical Decision Making

Peter Wakker

Medical Decision Making, 2008, vol. 28, issue 5, 690-698

Abstract: This article is a personal account of the author's experiences as an economist working in medical decision making. He discusses the differences between economic decision theory and medical decision making and gives examples of the mutual benefits resulting from interactions. In particular, he discusses the pros and cons of different methods for measuring quality of life (or, as economists would call it, utility), including the standard gamble, the time tradeoff, and the healthy-years equivalent methods.

Keywords: Key words: risk; time tradeoff; healthy-years equivalent; interdisciplinary work; cost-effectiveness; decision analysis. (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0272989X08323916 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:medema:v:28:y:2008:i:5:p:690-698

DOI: 10.1177/0272989X08323916

Access Statistics for this article

More articles in Medical Decision Making
Bibliographic data for series maintained by SAGE Publications ().