Abstract
In the standard gamble and time trade-off methods of health state utility assessment, a specified health state and an alternative are compared. This alternative can be framed in terms of a loss or a gain in reference to the first health state. In this paper, we test whether this framing affects the estimated health state utilities. The experiment was carried out on a group of pharmacy students, randomly divided between the loss or gain version (n=182). The null hypothesis of no difference between the loss and gain versions is rejected for the standard gamble method, but not for the time trade-off method. Copyright (C) 1998 Elsevier Science Ireland Ltd.
| Original language | English |
|---|---|
| Pages (from-to) | 187-193 |
| Number of pages | 7 |
| Journal | Health Policy |
| Volume | 45 |
| Issue number | 3 |
| DOIs | |
| State | Published - Sep 1998 |
Bibliographical note
Funding Information:The authors thank an anonymous referee for helpful comments. KB was supported in part by the Pharmaceutical Research and Manufacturers of America Foundation Faculty Development Award in Pharmacoeconomics.
Keywords
- Cost-utility analysis
- Framing
- Loss aversion
- QALYs
- Standard gamble
- Time trade-off
ASJC Scopus subject areas
- Health Policy
