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... > social science subjects > health and social care > medical science > medicine > clinical medicine > medical decision making > impact or weight or utility of the possible outcomes > certainty equivalent
... > other subjects > natural sciences > life sciences > medical science > medicine > clinical medicine > medical decision making > impact or weight or utility of the possible outcomes > certainty equivalent

Preferred term

certainty equivalent  

Definition

  • When examining the potential outcomes a given event may hold, a person is likely to approximate the probability of each possible result. Taken into consideration by the individual is the degree to which any of these outcomes may be certain. [Source: Encyclopedia of Medical Decision Making; Certainty Equivalent]

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

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