Show simple item record

Can prospect theory explain risk-seeking behavior by terminally ill patients?

dc.contributor.author Rasiel, Emma B
dc.contributor.author Weinfurt, Kevin P
dc.contributor.author Schulman, Kevin A
dc.coverage.spatial United States
dc.date.accessioned 2010-06-28T19:05:36Z
dc.date.issued 2005-11
dc.identifier https://www.ncbi.nlm.nih.gov/pubmed/16282211
dc.identifier 25/6/609
dc.identifier.issn 0272-989X
dc.identifier.uri https://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.mimetype application/pdf
dc.language eng
dc.language.iso en_US
dc.publisher SAGE Publications
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
duke.contributor.id Rasiel, Emma B|0198449
duke.contributor.id Weinfurt, Kevin P|0232646
duke.contributor.id Schulman, Kevin A|0230796
pubs.author-url https://www.ncbi.nlm.nih.gov/pubmed/16282211
pubs.begin-page 609
pubs.end-page 613
pubs.issue 6
pubs.organisational-group Basic Science Departments
pubs.organisational-group Clinical Science Departments
pubs.organisational-group Duke
pubs.organisational-group Duke Cancer Institute
pubs.organisational-group Duke Clinical Research Institute
pubs.organisational-group Duke Science & Society
pubs.organisational-group Economics
pubs.organisational-group Initiatives
pubs.organisational-group Institutes and Centers
pubs.organisational-group Institutes and Provost's Academic Units
pubs.organisational-group Medicine
pubs.organisational-group Medicine, General Internal Medicine
pubs.organisational-group Population Health Sciences
pubs.organisational-group Psychology and Neuroscience
pubs.organisational-group School of Medicine
pubs.organisational-group Trinity College of Arts & Sciences
pubs.publication-status Published
pubs.volume 25
duke.contributor.orcid Weinfurt, Kevin P|0000-0002-0624-7448


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record