An important consideration when establishing priorities in health care is the likely effect that alternative … allocations will have on the health-related quality of life (HRQoL) of the relevant population. This chapter considers some of the … are values for all health states to be generated?; and How are valuations to be aggregated? Since it is difficult to …

Recent research has documented a link between consumer risk preferences over health and the willingness to pay (WTP …) for medical technologies. However, the absence of empirical health risk preference estimates so far limits the … implementation of this generalized risk-adjusted cost-effectiveness (GRACE) theory, which addresses several limitations of …