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dc.contributor.author Rasiel, EB
dc.contributor.author Weinfurt, KP
dc.contributor.author Schulman, KA
dc.coverage.spatial United States
dc.date.accessioned 2010-06-28T19:05:36Z
dc.date.issued 2005-11
dc.identifier http://www.ncbi.nlm.nih.gov/pubmed/16282211
dc.identifier 25/6/609
dc.identifier.citation Med Decis Making, 2005, 25 (6), pp. 609 - 613
dc.identifier.issn 0272-989X
dc.identifier.uri http://hdl.handle.net/10161/2641
dc.description.abstract Patients with life-threatening conditions sometimes appear to make risky treatment decisions as their condition declines, contradicting the risk-averse behavior predicted by expected utility theory. Prospect theory accommodates such decisions by describing how individuals evaluate outcomes relative to a reference point and how they exhibit risk-seeking behavior over losses relative to that point. The authors show that a patient's reference point for his or her health is a key factor in determining which treatment option the patient selects, and they examine under what circumstances the more risky option is selected. The authors argue that patients' reference points may take time to adjust following a change in diagnosis, with implications for predicting under what circumstances a patient may select experimental or conventional therapies or select no treatment.
dc.format.extent 609 - 613
dc.format.mimetype application/pdf
dc.language eng
dc.language.iso en_US
dc.relation.ispartof Med Decis Making
dc.relation.isversionof 10.1177/0272989X05282642
dc.subject Decision Making
dc.subject Humans
dc.subject Models, Theoretical
dc.subject Risk-Taking
dc.subject Terminally Ill
dc.title Can prospect theory explain risk-seeking behavior by terminally ill patients?
dc.type Journal Article
dc.department Economics
pubs.author-url http://www.ncbi.nlm.nih.gov/pubmed/16282211
pubs.issue 6
pubs.organisational-group /Duke
pubs.organisational-group /Duke/Institutes and Provost's Academic Units
pubs.organisational-group /Duke/Institutes and Provost's Academic Units/Initiatives
pubs.organisational-group /Duke/Institutes and Provost's Academic Units/Initiatives/Duke Science & Society
pubs.organisational-group /Duke/Institutes and Provost's Academic Units/University Institutes and Centers
pubs.organisational-group /Duke/Institutes and Provost's Academic Units/University Institutes and Centers/Global Health Institute
pubs.organisational-group /Duke/School of Medicine
pubs.organisational-group /Duke/School of Medicine/Clinical Science Departments
pubs.organisational-group /Duke/School of Medicine/Clinical Science Departments/Medicine
pubs.organisational-group /Duke/School of Medicine/Clinical Science Departments/Medicine/Medicine, General Internal Medicine
pubs.organisational-group /Duke/School of Medicine/Clinical Science Departments/Psychiatry & Behavioral Sciences
pubs.organisational-group /Duke/School of Medicine/Clinical Science Departments/Psychiatry & Behavioral Sciences/Psychiatry & Behavioral Sciences, Translational Neuroscience
pubs.organisational-group /Duke/School of Medicine/Institutes and Centers
pubs.organisational-group /Duke/School of Medicine/Institutes and Centers/Duke Cancer Institute
pubs.organisational-group /Duke/School of Medicine/Institutes and Centers/Duke Clinical Research Institute
pubs.organisational-group /Duke/Trinity College of Arts & Sciences
pubs.organisational-group /Duke/Trinity College of Arts & Sciences/Economics
pubs.organisational-group /Duke/Trinity College of Arts & Sciences/Psychology and Neuroscience
pubs.publication-status Published
pubs.volume 25

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