Decision analysis Flashcards

1
Q

Complex decisions

A

multiple value dimensions, which may be in conflict

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Non-compensatory vs. compensatory strategies

A
  1. A negative value on one attribute cannot be compensated by an equal or higher value on another attribute
  2. A negative value on one attribute can be compensated by an equal or higher value on another attribute
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Non-compensatory strategies

A

Based on decision rules to shortcut or simplify the process “Elimination by Aspect” strategy (Tversky 1972)
-> Elimination of the option with the very low rate on an important attribute from the decisionprocess
“Lexicographic rule” (Svenson 1979)
-> Pick up the option with the best rate on a specific attribute

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Compensatory strategies

A

Multi Attribute Utility Theory

MAUT

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

MAUT

A

Technique to support decision making when there is a limited number of available alternatives
AIM:To assist decision makers make better choices by helping them to achieve greater understanding and insight into the decision they are facing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

MAUT steps

A

Step 1. List of defining alternatives and value-relevant attributesStep 2. Evaluating each alternative separately on each attributeStep 3. Assigning relative weights to the attributesStep 4. Aggregating the weights of attributes and the single-attribute evaluations of alternatives (overall evaluation)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

MAUT step 1

A

List alternatives and value-relevant attributes. Very demanding and time consuming

  • Complete
  • Operational
  • Decomposable
  • Non redundant
  • Minimal
    p. s. We can operationalize attributes as we prefer as long as the value scale is satisfied
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

MAUT Step 2

A

Evaluate each alternative separately on each attribute
Different elicitation methods:
-Direct rating(assigned a score from 0 to 100)
-Difference standard sequences(a sequence of stimuli that are equally spaced in value)
- Bisection method (the most and least preferred option are identified and a midpoint is found that is equidistant in value from both extremes)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

MAUT Step 3

A

Assign relative weights to the attributes
Different elicitation methods:
-Ranking(attributes are ranked in order of importance)
-Direct rating(in which a rating from 0 to 100 is allocated to each criteria)
-Point allocation(in which a total budget of 100 points is divided among criteria

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

MAUT Step 4

A

Obtain the overall evaluation
Multiply the weight * attribute value and sum these weighted attribute values over all attributes(weighted linear additive function)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Evidence-based

A

Explicit use of modern, best evidence in making decisions about the care of individual patients
Integrates clinical experience, patient values, and the best available research information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Patient-centered

A

Actively involves patients and incorporate patient preferences and values

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

MULTI CRITERIA METHODS

A

ideal because they incorporate multiple considerations into the decision making process
Set of techniques that provides:
▪clarity on which criteria are relevant
▪the importance attached to each criteria
▪how to use this information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

MCDA modeling approaches:

A
  • Value measurement models
  • Outranking methods
  • Reference-level modeling
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Value measurement models

A

Constructing and comparing numerical scores to identify the degree to which one decision alternative is preferred over another

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Outranking methods

A

Making pairwise comparison of alternatives on each criterion, which, in turn are then combined to obtain a measure of support of each alternative being judged the top-ranked alternative overall

17
Q

Reference-level modeling

A

Searching for the alternative that is closest to attaining predefined minimum level of performance on each criterion

18
Q

Medical decisions

A

Some are clear-cut (gold standard)

Some depend on patients’ preferences and values (no gold standard) –> Preference-sensitive treatment decisions