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The time horizon matters: results of an exploratory study varying the timeframe in time trade-off and standard gamble utility elicitation

Author

Listed:
  • Louis S. Matza

    (Outcomes Research, Evidera)

  • Kristina S. Boye

    (Eli Lilly and Company)

  • David H. Feeny

    (McMaster University)

  • Lee Bowman

    (Eli Lilly and Company)

  • Joseph A. Johnston

    (Eli Lilly and Company)

  • Katie D. Stewart

    (Outcomes Research, Evidera)

  • Kelly McDaniel

    (Outcomes Research, Evidera)

  • Jessica Jordan

    (Outcomes Research, Evidera)

Abstract

Introduction The purpose of this study was to examine whether the time horizon of time trade-off (TTO) and standard gamble (SG) utility assessment influences utility scores and discrimination between health states. Methods In two phases, UK general population participants rated three osteoarthritis health states in TTO and SG procedures with two time horizons: (1) 10-year and (2) a time horizon derived from self-reported additional life expectancy (ALE). The two time horizons were compared in terms of mean utilities and discrimination among health states. Results In Phase 1, the 10-year tasks were completed by 80 participants, 35 of whom also completed utility assessment with the ALE. In Phase 2, all 101 participants completed procedures with both time horizons. Utility scores tended to be lower with the ALE than the 10-year, a difference that was statistically significant for two health states with SG in Phase 1 (P

Suggested Citation

  • Louis S. Matza & Kristina S. Boye & David H. Feeny & Lee Bowman & Joseph A. Johnston & Katie D. Stewart & Kelly McDaniel & Jessica Jordan, 2016. "The time horizon matters: results of an exploratory study varying the timeframe in time trade-off and standard gamble utility elicitation," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 17(8), pages 979-990, November.
    • Handle: RePEc:spr:eujhec:v:17:y:2016:i:8:d:10.1007_s10198-015-0740-7
    DOI: 10.1007/s10198-015-0740-7
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    More about this item

    Keywords

    Utility; Time trade-off; Standard gamble; Time horizon;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health

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