Rationale: With the recent increases in medical spending, employers have changed health care benefits to decrease health insurance costs by implementing increased cost sharing and decreasing the amount of covered services. It is unclear what the effect of changing plan design has on health care...

Health preference research (HPR) is the subfield of health economics dedicated to understanding the value of health and health-related objects using observational or experimental methods. In a discrete choice experiment (DCE), the utility of objects in a choice set may differ systematically...

In a health state valuation study, respondents may be asked to rank a deck of cards, with each card representing a particular health state. A logical inconsistency occurs when a more severe health state card is ranked higher than a less severe card. Occasional inconsistencies may be justified by...

The value of a health state may depend on how long an individual has had to endure the health state (i.e. hedonic load). In this paper, we test the constant proportionality (CP) assumption and determine the sign of relationship between duration and health state value for 42 health states using...

By polling individual responses to hypothetical scenarios, valuation studies estimate population preferences toward 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...