Abstract
It is widely believed that more risk averse physicians tend to order more tests because their risk aversion increases the value of information and hence the benefit attached to the tests. In a sense, risk averse physicians (or patients) are suspected to practice (request) defensive medicine.
Results presented in chapter 6 can also be found in Eeckhoudt- Godfroid (2000) where they are developed in a different context.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
for the benefit of the reader familiar with decision sciences let us mention that there exist other measures of the value of a test but in practice they give rather similar results (see e.g. Hilton (1981)). Because the results are rather close we do not elaborate on that technical point.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2002 Springer Science+Business Media New York
About this chapter
Cite this chapter
Eeckhoudt, L. (2002). Risk Aversion and Diagnostic Tests. In: Risk and Medical Decision Making. Studies in Risk and Uncertainty, vol 14. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0991-2_6
Download citation
DOI: https://doi.org/10.1007/978-1-4615-0991-2_6
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5340-9
Online ISBN: 978-1-4615-0991-2
eBook Packages: Springer Book Archive