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Valuing health states: a comparison of methods

By Paul Dolan, Claire Gudex, Paul Kind and Alan Williams

Abstract

In eliciting health state valuations, two widely used methods are the standard gamble (SG) and the time trade-off (TTO). Both methods make assumptions about individual preferences that are too restrictive to allow them to act as perfect proxies for utility. Therefore, a choice between them might instead be made on empirical grounds. This paper reports on a study which compared a “props” (using specially-designed boards) and a “no props” (using self-completion booklets) variant of each method. The results suggested that both no props variants might be susceptible to framing effects and that TTO props outperformed SG props

Topics: RA Public aspects of medicine
Publisher: Elsevier B.V.
Year: 1996
DOI identifier: 10.1016/0167-6296(95)00038-0
OAI identifier: oai:eprints.lse.ac.uk:33303
Provided by: LSE Research Online
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