Increasing marginal utility of small increases in life-expectancy?: Results from a population survey
The standard practice in cost-effectiveness analyses of health care is to assign a linear value to increasing lifetime gains. The aim of the current study was to examine the possible existence of non-linear utility for short life extensions. A representative sample of the Norwegian population, aged 40-59 years (n = 2402), was asked to imagine that they had a limited remaining lifetime (1 year or 10 years) and were offered a treatment that would increase lifetime by a specified amount of time from 1 week to 1 year. In all scenarios, the price per week of life extension was held constant. The proportion of respondents that accepted the treatment increased with increasing extensions, indicating a convex utility function. The result suggests increasing marginal utility for life extensions up to 1 year.
Year of publication: |
2010
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Authors: | Kvamme, Maria Knoph ; Gyrd-Hansen, Dorte ; Olsen, Jan Abel ; Kristiansen, Ivar Sønbø |
Published in: |
Journal of Health Economics. - Elsevier, ISSN 0167-6296. - Vol. 29.2010, 4, p. 541-548
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Publisher: |
Elsevier |
Keywords: | Cost-effectiveness-methodology Linear models Willingness to pay |
Saved in:
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