The Grisly Analytics of Death, Disability, and Disbursements,
Abstract
In a large class of decision problems under uncertainty, death, disability, and reductions in wealth enter the analysis as crucial arguments in the utility function. Much of the literature in public health and safety programs, insurance programs, and clinical decision making concerns itself with optimal behavior in the presence of risk in these variables. The paper sets out, primarily, to describe the assumptions which typically underlie these analyses and demonstrate why they may be too restrictive for models which deal with the death, disability, and disbursement variables. An alternative scheme is proposed. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 28, 1971
- Accession Number
- AD0732555
Entities
People
- Brian E. Forst
Organizations
- Center for Naval Analyses