Risk-aversion and physicians' medical decision-making.
In this paper, we examine a physician's optimal therapeutic decisions in a risky environment as well as his response to exogenous changes such as increased risk-aversion or improvements in medical technology. We also analyze the value of diagnostic information and its relationship with risk-aversion.
D003657:Decision Making; D003933:Diagnosis; D006801:Humans; D013677:Medical Laboratory Science; D008962:Models, Theoretical; D010820:Physicians; D012309:Risk-Taking; D013812:Therapeutics