Valuing health states: A comparison of methods

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 ins...

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Bibliographic Details
Published in:Journal of health economics 1996-04, Vol.15 (2), p.209-231
Main Authors: Dolan, P., Gudex, C., Kind, P., Williams, A.
Format: Article
Language:English
Subjects:
Adolescent
Adult
Comparative studies
Cost-Benefit Analysis
Female
Health
Health administration
Health economics
Health Services Research - methods
Health state valuation
Health Status
Humans
Interviews as Topic
Longevity
Male
Measurement
Methods
Middle Aged
Quality of Health Care
Quality of Life
Quality-Adjusted Life Years
Reliability
Standard gamble
State Medicine - economics
State Medicine - standards
Statistical analysis
Time trade-off
United Kingdom - epidemiology
Validity
Valuation
Value of Life
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Summary: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.
ISSN:0167-6296
1879-1646
DOI:10.1016/0167-6296(95)00038-0