Galeotti, Andrea; Steiner, Jakub; Surico, Paolo (2020). Merit of test : perspective of information economics. Health Policy and Technology, 9(4):575-577.
This article assesses the merit of a test through the lenses of economics, with applications to SARS-CoV-2. This allows us to rank distinct tests and to show that this ranking is not universal; it depends on the pre-test information available to the decision-maker and the losses stemming from incorrect actions. We provide a method to select, from multiple tests with different sensitivity and specificity, the test that helps the decision-maker the most to achieve her objective.
This article assesses the merit of a test through the lenses of economics, with applications to SARS-CoV-2. This allows us to rank distinct tests and to show that this ranking is not universal; it depends on the pre-test information available to the decision-maker and the losses stemming from incorrect actions. We provide a method to select, from multiple tests with different sensitivity and specificity, the test that helps the decision-maker the most to achieve her objective.
| Item Type: | Journal Article, refereed, original work |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Economics |
| Dewey Decimal Classification: | 330 Economics |
| Scopus Subject Areas: | Physical Sciences > Biomedical Engineering
Health Sciences > Health Policy |
| Uncontrolled Keywords: | Health policy, biomedical engineering |
| Language: | English |
| Date: | December 2020 |
| Deposited On: | 08 Jan 2021 14:15 |
| Last Modified: | 25 Sep 2023 01:39 |
| Publisher: | Elsevier |
| ISSN: | 2211-8837 |
| OA Status: | Hybrid |
| Publisher DOI: | https://doi.org/10.1016/j.hlpt.2020.08.012 |
| Project Information: |
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Galeotti, Andrea