What is it about?
A model used in finance to capture unpredictable changes may also be helpful for analyzing variations in disease spread and medication effectiveness. It models fluctuating volatility, which could provide insights for disease forecasting and treatment personalization. However, extensive testing is needed before using this financial framework in healthcare.
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Why is it important?
Applying analytical tools between fields can yield fresh perspectives. This versatile mathematics could strengthen public health planning and clinical care if validated for medicine. Quantifying unpredictability is broadly relevant across sectors.
Perspectives
As a physician and researcher seeking innovative solutions, I'm intrigued by the potential of this financial model for illuminating medical variability. With open-minded assessment, we may uncover new value from this mathematics. Still, responsible adoption demands rigorous empirical scrutiny as patient well-being is at stake.
Thomas F Heston MD
University of Washington
Read the Original
This page is a summary of: Quantifying Uncertainty: Potential Medical Applications of the Heston Model of Financial Stochastic Volatility, January 2024, Sciencedomain International,
DOI: 10.9734/bpi/cpstr/v3/2797g.
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