Public Health Ethics
A Markov Model is a statistical model that represents a system which transitions from one state to another, where the probability of each transition depends only on the current state and not on the previous states. This property, known as the Markov property, makes these models particularly useful for analyzing complex processes in various fields, including public health for cost-effectiveness analysis. By using Markov Models, researchers can simulate different health states over time, taking into account various probabilities, which helps in evaluating the cost-effectiveness of interventions and understanding ethical implications in resource allocation.
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