Lessons learned by (from?) an economist working in medical decision making.
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.
Wakker
Peter P
PP
Department of Economics, Erasmus University, Rotterdam, The Netherlands. Wakker@few.eur.nl
D003362:Cost-Benefit Analysis; D003657:Decision Making; D003695:Delivery of Health Care / Q000191:economics*; D006801:Humans; D017059:Models, Econometric; D009426:Netherlands; D011788:Quality of Life