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... > medicine > clinical medicine > medical decision making > basis for making the decision > expected value of perfect information

... > medicine > clinical medicine > medical decision making > basis for making the decision > expected value of perfect information

Preferred term

expected value of perfect information

Definition

Simply basing decisions on expected cost-effectiveness or, equivalently, net health or monetary benefit will ignore the question of whether the current evidence is a sufficient basis for adopting or reimbursing a health technology. It would fail to address the question of whether further research is needed to support such a decision in the future. [Source: Encyclopedia of Medical Decision Making; Expected Value of Perfect information]

Broader concept

basis for making the decision

Belongs to group

methods

URI

https://concepts.sagepub.com/social-science/concept/expected_value_of_perfect_information

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