Risk models for individual decision making

Malcolm Hudson; Allan Langlands; John Simes

Risk models for individual decision making

Malcolm Hudson, Allan Langlands, John Simes

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-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 language	English
Title of host publication	Advances in statistics, combinatorics and related areas
Subtitle of host publication	selected papers from the SCRA2001-FIM VIII, Wollongong Conference : University of Wollongong, Australia, 19-21 December 2001
Place of Publication	New Jersey
Publisher	World Scientific Publishing
Pages	120-132
Number of pages	13
ISBN (Print)	9812382011
Publication status	Published - 2002

Keywords

decision analysis
breast cancer
survival
trade-offs
quality of life

Cite this

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title = "Risk models for individual decision making",

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.",

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Risk models for individual decision making. / Hudson, Malcolm; Langlands, Allan; Simes, John.

Advances in statistics, combinatorics and related areas: selected papers from the SCRA2001-FIM VIII, Wollongong Conference : University of Wollongong, Australia, 19-21 December 2001. New Jersey : World Scientific Publishing, 2002. p. 120-132.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

TY - CHAP

T1 - Risk models for individual decision making

AU - Hudson, Malcolm

AU - Langlands, Allan

AU - Simes, John

PY - 2002

Y1 - 2002

N2 - 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.

AB - 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.

KW - decision analysis

KW - breast cancer

KW - survival

KW - trade-offs

KW - quality of life

M3 - Chapter

SN - 9812382011

SP - 120

EP - 132

BT - Advances in statistics, combinatorics and related areas

PB - World Scientific Publishing

CY - New Jersey

ER -

Risk models for individual decision making

Abstract

Keywords

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