IDEAS home Printed from https://ideas.repec.org/p/ohe/shealt/000355.html
   My bibliography  Save this paper

What Are My Chances Doctor? – a Review of Clinical Risks

Author

Listed:
  • Bernie O'Brien

Abstract

Half a century ago little attention was paid to the risks associated with medical and surgical treatment. The hazards of sickness itself were so obvious, that the considerable risks of medical intervention were more or less taken for granted. In 1986 the situation is completely different. The classical 'killer' diseases affecting children and young adults have largely been eliminated as a result of therapeutic progress. Much of medical care is now concerned with prolonging life in cases of chronic disease such as diabetes or hypertension or alternatively with improving the quality of life for people with diseases like arthritis or schizophrenia. In addition, 'high-tech' medicine is replacing the simple procedures of the 1930s, and some of the recent innovations are associated with significant new risks. Thus doctors are now more than ever faced with the problem of balancing immediate risks against long-term benefits. And health providers as a whole, including those who have discovered and manufactured modern medicines. are consequently sometimes accused of exposing patients to unjustifiable hazards. This paper by Bernie O'Brien of the Health Economics Research Group at Brunei University is part of a continuing attempt to put these problems into perspective. It should improve its readers' understanding of the difficult exercise of balancing the risks associated with disease against the often much publicised risks associated with their treatment. As Bernie O'Brien points out 'risk' is a relatively new and largely professional concept. Patients generally think in terms of their 'chances' both of recovery and of possible harm from their treatment. The health professions, the consumerist organisations and the media need to develop a more sophisticated awareness of the ways in which patients can be helped to assess the relative risks of their illness and their treatment. This paper should help to provide this all-important awareness. That, in turn, should enable doctors and their patients to make more rational decisions about the risks and benefits of modern therapies.

Suggested Citation

  • Bernie O'Brien, 1986. "What Are My Chances Doctor? – a Review of Clinical Risks," Series on Health 000355, Office of Health Economics.
  • Handle: RePEc:ohe:shealt:000355
    as

    Download full text from publisher

    File URL: https://www.ohe.org/publications/what-are-my-chances-doctor-review-clinical-risks/attachment-158-1986_what_are_my_chances_obrien/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. George Teeling Smith, 1985. "Measurement of Health," Series on Health 000650, Office of Health Economics.
    2. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    3. George Teeling Smith, 1982. "Adverse Reactions and the Community," Monograph 000326, Office of Health Economics.
    4. Nick Wells, 1984. "Childhood Vaccination: Current Controversies," Series on Health 000343, Office of Health Economics.
    5. Friedrich Breyer & Victor R. Fuchs, 1982. "Risk Attitudes in Health: An Exploratory Study," NBER Working Papers 0875, National Bureau of Economic Research, Inc.
    6. Stephen A. Eraker & Harold C. Sox, 1981. "Assessment of Patients' Preferences for Therapeutic Outcomes," Medical Decision Making, , vol. 1(1), pages 29-39, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stefan A. Lipman & Arthur E. Attema, 2019. "Rabin's paradox for health outcomes," Health Economics, John Wiley & Sons, Ltd., vol. 28(8), pages 1064-1071, August.
    2. Kuhberger, Anton, 1998. "The Influence of Framing on Risky Decisions: A Meta-analysis," Organizational Behavior and Human Decision Processes, Elsevier, vol. 75(1), pages 23-55, July.
    3. Jose-Luis Pinto-Prades & Jorge-Eduardo Martinez-Perez & Jose-Maria Abellan-Perpinan, 2006. "The influence of the ratio bias phenomenon on the elicitation of health states utilities," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 1, pages 118-133, November.
    4. Astrid Matthey, 2005. "Getting Used to Risks: Reference Dependence and Risk Inclusion," SFB 649 Discussion Papers SFB649DP2005-036, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    5. van der Pol, Marjon & Ruggeri, Matteo, 2008. "Is risk attitude outcome specific within the health domain?," Journal of Health Economics, Elsevier, vol. 27(3), pages 706-717, May.
    6. repec:cup:judgdm:v:1:y:2006:i::p:118-133 is not listed on IDEAS
    7. W. Viscusi & Joel Huber, 2012. "Reference-dependent valuations of risk: Why willingness-to-accept exceeds willingness-to-pay," Journal of Risk and Uncertainty, Springer, vol. 44(1), pages 19-44, February.
    8. Adam Oliver & Richard Cookson, 2010. "Analysing risk attitudes to time," Health Economics, John Wiley & Sons, Ltd., vol. 19(6), pages 644-655, June.
    9. Fagley, N. S. & Miller, Paul M., 1997. "Framing Effects and Arenas of Choice: Your Money or Your Life?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 71(3), pages 355-373, September.
    10. Jose Luis Pinto-Prades & Jorge E. Martinez Perez & Jose María Abellán Perpiñán, 2006. "The influence of the Ratio Bias phenomenon on the elicitation of Standard Gamble utilities," Working Papers 06.16, Universidad Pablo de Olavide, Department of Economics.
    11. Li, Shu, 1998. "Can the conditions governing the framing effect be determined?," Journal of Economic Psychology, Elsevier, vol. 19(1), pages 133-153, February.
    12. Friedrich Breyer & Victor R. Fuchs, 1982. "Risk Attitudes in Health: An Exploratory Study," NBER Working Papers 0875, National Bureau of Economic Research, Inc.
    13. Seow Eng Ong & Davin Wang & Calvin Chua, 2023. "Disruptive Innovation and Real Estate Agency: The Disruptee Strikes Back," The Journal of Real Estate Finance and Economics, Springer, vol. 67(2), pages 287-317, August.
    14. Herrmann, Tabea & Hübler, Olaf & Menkhoff, Lukas & Schmidt, Ulrich, 2016. "Allais for the poor," Kiel Working Papers 2036, Kiel Institute for the World Economy (IfW Kiel).
    15. Christiane Goodfellow & Dirk Schiereck & Steffen Wippler, 2013. "Are behavioural finance equity funds a superior investment? A note on fund performance and market efficiency," Journal of Asset Management, Palgrave Macmillan, vol. 14(2), pages 111-119, April.
    16. Berg, Joyce E. & Rietz, Thomas A., 2019. "Longshots, overconfidence and efficiency on the Iowa Electronic Market," International Journal of Forecasting, Elsevier, vol. 35(1), pages 271-287.
    17. Reckers, Philip M.J. & Sanders, Debra L. & Roark, Stephen J., 1994. "The Influence of Ethical Attitudes on Taxpayer Compliance," National Tax Journal, National Tax Association;National Tax Journal, vol. 47(4), pages 825-836, December.
    18. Bier, Vicki & Gutfraind, Alexander, 2019. "Risk analysis beyond vulnerability and resilience – characterizing the defensibility of critical systems," European Journal of Operational Research, Elsevier, vol. 276(2), pages 626-636.
    19. Sitinjak Elizabeth Lucky Maretha & Haryanti Kristiana & Kurniasari Widuri & Sasmito Yohanes Wisnu Djati, 2019. "Investor behavior based on personality and company life cycle," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 10(2), pages 23-38, August.
    20. Theo Arentze & Tao Feng & Harry Timmermans & Jops Robroeks, 2012. "Context-dependent influence of road attributes and pricing policies on route choice behavior of truck drivers: results of a conjoint choice experiment," Transportation, Springer, vol. 39(6), pages 1173-1188, November.
    21. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.

    More about this item

    Keywords

    What Are My Chances Doctor? – a Review of Clinical Risks;

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ohe:shealt:000355. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Publications Manager (email available below). General contact details of provider: https://edirc.repec.org/data/ohecouk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.