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An increasingly important debate has emerged around the extent to which techniques such as the standard gamble, which is used, amongst other things, to value health states, actually serve to construct respondents' preferences rather than simply elicit them. According to standard theory, the...
Persistent link: https://www.econbiz.de/10008876643
In a pilot study we investigate whether the inferences we draw about people's preferences towards health care treatments are altered if we vary the procedure that is used to elicit these preferences. In a conventional Time Trade-Off question, respondents express their preferences towards...
Persistent link: https://www.econbiz.de/10005106417
Few studies have compared preference values of health states obtained in different countries. This paper applies a nonparametric model to estimate and compare EQ-5D health state valuation data obtained from two countries using Bayesian methods. The data set is the US and UK EQ-5D valuation...
Persistent link: https://www.econbiz.de/10008876634
Two key questions in the context of UK health policy are: do the published preference indices for EQ-5D reflect the impact of lost earnings? Are we currently implicitly including indirect costs in our analyses? It is crucial to investigate whether or not individuals take into account any...
Persistent link: https://www.econbiz.de/10008876641
This paper tests the consistency of health utility measurements with individual preferences. We compare three methods, the time trade-off, the standard gamble and a version of the standard gamble that corrects for the deviations from expected utility modeled by prospect theory. Individual...
Persistent link: https://www.econbiz.de/10005403994
The methodology of valuing health states remains a key issue in the construction of health-related quality of life measures. Different scaling methods appear to yield different sets of valuations, and as yet there is no consensus as to which method is the preferred technique. Many of the...
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