Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/12182
25 Visitors26 Hits0 Downloads
Title
Risk models for individual decision making
Related
Advances in statistics, combinatorics and related areas : selected papers from the SCRA2001-FIM VIII, Wollongong Conference : University of Wollongong, Australia, 19-21 December 2001, p.120-132
A decision analysis framework for risk models for health state transitions and valuations is described. Emphasis is placed on the sensitivity of choices among treatments to the absolute level of risk and the risk profile of the individual. The uses of Clinical Trials databases to inform decision aids is considered. We employ Markov models with Q-TWiST valuation of health states histories and examine the requirements for effective valuations of treatment alternatives for the individual.