Lessons Learned by (from?) an Economists Working in Medical Decision Making.

P.P. Wakker*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


This article is a personal account of the author's experiences as an economist working in medical decision making. He discusses the differences between economic decision theory and medical decision making and gives examples of the mutual benefits resulting from interactions. In particular, he discusses the pros and cons of different methods for measuring quality of life (or, as economists would call it, utility), including the standard gamble, the time tradeoff, and the healthy-years equivalent methods.
Original languageEnglish
Pages (from-to)690-698
Number of pages9
JournalMedical Decision Making
Publication statusPublished - 1 Jan 2008


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