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- W1990339737 abstract "Although medical diagnosis has been given some attention by economists in particular contexts, the phenomenon has not received the attention it deserves. This paper is an attempt to redress this imbalance. As with most real phenomena, there are special issues that characterise diagnosis. It is argued that the output of a diagnostic test is information about a person's disease status. This information is measured probabilistically in two ways viz. the predictive value of positive and negative tests results. The economic analysis of diagnosis involves a relevant combination of characteristics and Hicksian demand theory. It is shown that the purpose of undertaking diagnostic tests is crucial to the consumer's judgement of the importance of the two measures of diagnostic output. The argument is illustrated by reference to three alternative technologies for diagnosis of the upper gastrointestinal tract viz. single and double contrast barium meal radiology and fibre optic endoscopy." @default.
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- W1990339737 date "1986-01-01" @default.
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- W1990339737 title "Medical diagnosis as a problem in the economics of information" @default.
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- W1990339737 doi "https://doi.org/10.1016/0167-6245(86)90014-4" @default.
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