|
Decision sciences encompass a collaboration of several disciplines
toward the goal of making decisions more rationally. The field
includes psychology, economics,
statistics, mathematical modeling and computer science. A technique known as
decision analysis analyzes decisions according to their possible outcomes and
assigns probabilities and values (known as utilities) to each outcome. By combining
these elements into decision analytic models, the consequences of each possible
decision can be predicted and compared. When the outcomes include financial
cost, the result is a cost-effectiveness model. When applied to
application of pharmaceutical
products, the resulting analyses are referred to as pharmacoeconomics. The
informatics institute has an active decision sciences group that
is developing new software
technology for decision modeling, and studying applications of health economics
in the areas of contraception, heart failure, pediatric surgery and oral medicine.
For more information, visit http://infolab.umdnj.edu.
Individuals with interests in Decision Sciences are
encouraged to contact Dr.
Frank Sonnenberg
|