Your Money or Your Life: A Prescriptive Model for Health, Safety, and Consumption Decisions
构建了一个概念框架和模型，用于评估健康与生命风险，支持健康、生活质量和安全投资决策。模型扩展了质量调整生命年（QALY）框架，纳入财务因素，考虑收入和健康的不确定性，并应用于两个医疗决策问题。
In this paper we develop a conceptual framework and model for valuing risks to an individual’s health and life and to support decision making about investments in health, quality of life, and safety. Our treatment of health risks in the model builds on the popular quality-adjusted-life-year (QALY) framework that balances health quality and length of life issues. We extend this framework to consider financial concerns as well as health quality and length of life. Our model considers uncertainty in income and health and incorporates the decision maker’s ability to adjust consumption over time in response to changes in expectations about health and income. We use this model to study the optimal tradeoffs between financial gains or losses and improvements or reductions in health or longevity and apply it in two example medical decision problems.