> I might decide to spend $1000 on an additional diagnostic, even knowing that I'm still very likely to be negative.
The problem is that diagnostics aren't necessarily risk-free. For example, there's a non-zero risk of death while getting a colonoscopy, to the point that false positives from unnecessary testing can increase all-cause mortality for patients.
The problem is that diagnostics aren't necessarily risk-free. For example, there's a non-zero risk of death while getting a colonoscopy, to the point that false positives from unnecessary testing can increase all-cause mortality for patients.