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Merit of test: perspective of information economics

Journal

Health Policy and Technology

Subject

Economics

Publishing details

Health Policy and Technology 2020 Vol 9:4 p 575-577

Authors / Editors

Galeotti A;Steiner J;Surico P

Biographies

Andrea Galeotti Paolo Surico

Publication Year

2020

Abstract

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.

Keywords

Testing; Covid-19; Portfolio of tests

Available on ECCH

No


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