Risk models for individual decision making

Malcolm Hudson, Allan Langlands, John Simes

    Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

    Abstract

    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.
    Original languageEnglish
    Title of host publicationAdvances in statistics, combinatorics and related areas
    Subtitle of host publicationselected papers from the SCRA2001-FIM VIII, Wollongong Conference : University of Wollongong, Australia, 19-21 December 2001
    Place of PublicationNew Jersey
    PublisherWorld Scientific
    Pages120-132
    Number of pages13
    ISBN (Print)9812382011
    Publication statusPublished - 2002

    Keywords

    • decision analysis
    • breast cancer
    • survival
    • trade-offs
    • quality of life

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