What does it mean to make a decision in a dogmatic way?
Dogmatism: This is the best way to do it
- Without evidence
- Just do what you have been told
- plow ahead
What does it mean to make a decision in a political way?
What does it mean to make a decision based on experience?
What does it mean to make a decision on a whim?
What does it mean to make a decision based on Nihilism?
What does it mean to make the “least worst” decision?
What does it mean when you defer to experts to make a decision?
What does it mean when you defer to the client to make a decision?
How do decision trees help with deciding what treatment option to use?
In what situations would you use a decision tree?
What are the disadvantages of a decision analysis?
–> Good situations to use decision analysis
* When you have competing treatment options with different risks and benefits
- E.g. Drug A (cheaper and does not work as well vs Drug B more expensive but works better; what are the pros and cons/risks - must be weighed).
* Important information is missing; We do not know what the conseq. are.
* …these tools of putting your thoughts on paper may identify critical information needs. (E.g. we could do this drug but we do not know much about the effects, must inform clients so that they make an informed decision.
* Risk occurs at different time points and the impact needs to be communicated to the owner
–> Disadvantages to decision analysis
* Time consuming and laborious; Go into literature, find out options –> consequences. To complete tree. If absence of evidence in tree = it can not be done. You can guestimate and fill in info but you are inventing branches which is bad.
* Cannot be performed in the absence of evidence
* Going through the exercise of building one will identify gaps of knowledge
Decision analysis is defined as “explicit and quantitative analysis of the ____ and _______ associated to available decisions under conditions of uncertainty.”
Cockroft, 2007
Comparing pros and cons for each decision
Decision analysis is defined as “explicit and quantitative analysis of the cost and benefit associated to available decisions under conditions of uncertainty.”
Cockroft, 2007
Comparing pros and cons for each decision
What is the methodology of Decision analysis?
What is the methodology of Decision analysis?
* Build a decision tree (a flow diagram with all possible scenarios)
* Add the probabilities of occurrence for each random event.
* Add the cost and/or the value (depends on if looking at pure cost but can also be a value trad production animals since apart of business (economical) but can also be on these values: moral, emotional) of each outcome.
* Compare the expected cost/value of each decision.
What the the three types of nodes?
Decision node, probability node, terminal node
Once you choose a decision node, can you go back?
No!
After you make a decision, all the _________ come after. These are chance nodes.
probabilities
Terminal node = ?
Value/cost at the end
conscious decision between several options. The probability is all the outcomes that happen after that decision has been made. At the very end of each branch, all the probabilities have to equal to 100%.
the probability is all of the outcomes that come after that decision is made. At the end of each branch, all the probabilities have to = 100%.
Example: Cost of treatment
You have 3 treatment options.
Option A = 40 lbs with an 80% chance of recovery.
- Most expensive with highest chance of recovery. Option B = 30, 60% chance recovery
Option C = 20, 40% chance recovery
Failure of any of these treatments –> 100 lbs follow up treatment
From a cost perspective, what will cost you less in the long run?
Option A = 20% failure
Option B = 40% failure
Option C = 60% failure
Typically look at value of animal in terms of cost in food production animals.
Toggle makes the most sense because has the greatest value.
It is a cheaper option to do right away and there is still a very high chance of success with a lower chance of failure.
From a cost perspective, tell farmer to do toggling. However, farmer needs to know there is a 12% chance of the cow dying. So if life is more valuable for producer, toggling has a higher risk so they should choose Omentoplexy.
The last thing you should do is a sensitivity analysis which is you trying different values, changing probabilities and costs to see if it changes decision making process.