The treatment decision under uncertainty: The effects of health, wealth and the probability of death.
Decision thresholds
Diagnostic risk
End of life treatments
Therapeutic risk
Journal
Journal of health economics
ISSN: 1879-1646
Titre abrégé: J Health Econ
Pays: Netherlands
ID NLM: 8410622
Informations de publication
Date de publication:
01 2020
01 2020
Historique:
received:
11
12
2018
revised:
23
10
2019
accepted:
25
10
2019
pubmed:
7
1
2020
medline:
22
6
2021
entrez:
6
1
2020
Statut:
ppublish
Résumé
Medical treatment reduces diagnostic risk, increases therapeutic risk and lowers the probability of death. This paper analyzes the effects of initial health, wealth and the probability of death on the propensity to treat under diagnostic and therapeutic risk. It shows that treatment propensity increases with the probability of death, but can decrease with the severity of illness. The effect of wealth depends on the cross-derivative of the utility function with respect to health and wealth. These results have implications for treatment decisions at the end of life.
Identifiants
pubmed: 31901575
pii: S0167-6296(18)31133-0
doi: 10.1016/j.jhealeco.2019.102253
pii:
doi:
Types de publication
Journal Article
Langues
eng
Pagination
102253Informations de copyright
Copyright © 2019 Elsevier B.V. All rights reserved.