Merit of test: perspective of information economics

0537935 - NHÚ 2021 RIV GB eng J - Journal Article
Galeotti, A. - Steiner, Jakub - Surico, P.
Merit of test: perspective of information economics.
Health Policy and Technology. Roč. 9, č. 4 (2020), s. 575-577. ISSN 2211-8837
EU Projects: European Commission(XE) 770652 - BEHAVFRICTIONS
Institutional support: RVO:67985998
Keywords : testing * COVID-19 * portfolio of tests
OECD category: Applied Economics, Econometrics
Impact factor: 1.931, year: 2020
Method of publishing: Limited access
https://doi.org/10.1016/j.hlpt.2020.08.012

This article assesses the merit of a test through the lenses of economics, with applications to SARS-CoV-2. This allows us to rank distinct tests and to show that this ranking is not universal, it depends on the pre-test information available to the decision-maker and the losses stemming from incorrect actions. We provide a method to select, from multiple tests with different sensitivity and specificity, the test that helps the decision-maker the most to achieve her objective.
Permanent Link: http://hdl.handle.net/11104/0315766