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.
Funding
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.
| Funders |
|---|
| Pharmaceutical Research and Manufacturers of America Foundation |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 3 Good Health and Well-being
Keywords
- Cost-utility analysis
- Framing
- Loss aversion
- QALYs
- Standard gamble
- Time trade-off
ASJC Scopus subject areas
- Health Policy
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