Thursday, March 08, 2007

"You have six months to live"

As bad as that news would be, it's probably way too optimistic, according to this entry at Professor Beyer's blog. In a recent study, doctors' mortality estimates were correct only 20% of the time, and they were too optimistic in 63% of the cases. They overestimate patient survival by a factor of from three to five.

So the point is, when you hear that prediction, you don't actually have six months left to finish your estate planning!

2 comments:

JLM said...

On the other hand, the doctors told Art Buchwald he would be in Paradise long before last summer. Their mistake meant he had to go to Martha's Vineyard instead.

Jim Gust said...

Perhaps Art is the happy exception that proves the rule.