Craig, Benjamin M.; Busschbach, Jan J. V. - In: Health Economics 20 (2011) 7, pp. 864-875
health on a quality-adjusted life year (QALY) scale. The scenarios typically involve trade‐offs in time (time trade‐off (TTO …)), risk (standard gamble (SG)), or number of persons affected (person trade‐off (PTO)). This paper revisits the QALY …. The proposed approach avoids the use of ratio statistics in QALY estimation and the common convention of arbitrarily …