Is Expert Input Valuable? The Case of Predicting Surgery Duration
Most data-driven decision support tools do not include input from people. We study whether and how to incorporate physician input into such tools, in an empirical setting of predicting the surgery duration. Using data from a hospital, we evaluate and compare the performances of three families of mod...
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| Published in | Seoul Journal of Business Vol. 25; no. 2; pp. 1 - 34 |
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| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Seoul
Seoul National University, College of Business Administration
01.12.2019
경영연구소 |
| Subjects | |
| Online Access | Get full text |
| ISSN | 1226-9816 2713-6213 |
| DOI | 10.35152/snusjb.2019.25.2.001 |
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| Summary: | Most data-driven decision support tools do not include input from people. We study whether and how to incorporate physician input into such tools, in an empirical setting of predicting the surgery duration. Using data from a hospital, we evaluate and compare the performances of three families of models: models with physician forecasts, purely data-based models, and models that combine physician forecasts and data. We find that combined models perform the best, which suggests that physician forecasts have valuable information above and beyond what is captured by data. We also find that applying simple corrections to physician forecasts performs comparably well. |
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| Bibliography: | ObjectType-Article-1 SourceType-Scholarly Journals-1 ObjectType-Feature-2 content type line 14 |
| ISSN: | 1226-9816 2713-6213 |
| DOI: | 10.35152/snusjb.2019.25.2.001 |