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This class of models is central to optimal foraging theory (behavioral ecology) [2] and serves as benchmarks in economic decision making (maximum expected gain, maximum expected utility) [1].
By spending less time on the first movement, the subject can spend more time on the second, more rewarding movement and the maximum expected gain from both targets together is now $51.29.
When the target rewards were equal, subjects could have earned more had they divided the time equally, but generally the average earning did not differ much from the maximum expected gain.
We propose a simple tractable model that explicitly accounts for short tandem repeats, and we use the framework of maximum expected gain to explore a variety of decoding optimization criteria for our model.
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We obtained data on estimated health gain in terms of lives saved and QALYs using published estimates of the likely maximum expected health gains for 28 clinical indicators which are incentivised in the GMS contract [ 14, 18, 21].
What is your expected gain?
In Figure 2C we also illustrate the loss in expected gain resulting from allocating time non-optimally by vertical arrows together with the reduction in expected gain expressed as a percentage of the maximum.
We derive the optimal tradeoff that maximizes expected gain.
This expected gain in indirect fitness equals: r·2· E skew.
Relatively low EVPI at €250 per patient with the maximum expected WTP of €30,000 per QALY gained was estimated.
In addition, the maximum expected net monetary benefit (NMB) was calculated for each ceiling ratio value (the value society would be WTP for a QALY gained).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com