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What is the Normative Basis for Selecting the Measure of 'Average' Preferences for Use in Social Choices?

Author

Listed:
  • Devlin, N.
  • Shah, K.K
  • Buckingham, K.

Abstract

The aim of this paper is to consider what normative arguments might exist for advocating the use of any given measure of the average in the context of health state values. We begin by providing examples of the importance and implications of the choice of the measure of central tendency in stated preference studies (including both EQ-5D values and corresponding issues in the willingness to pay literature). Then, drawing on the theory of social choice, voting models and welfare economics, we consider the criteria that are available for judging the 'goodness' of alternative approaches to aggregation, and evaluate their relevance to the selection of the measure of average EQ-5D values.

Suggested Citation

  • Devlin, N. & Shah, K.K & Buckingham, K., 2017. "What is the Normative Basis for Selecting the Measure of 'Average' Preferences for Use in Social Choices?," Research Papers 001798, Office of Health Economics.
  • Handle: RePEc:ohe:respap:001798
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    References listed on IDEAS

    as
    1. Brazier, John & Ratcliffe, Julie & Salomon, Joshua & Tsuchiya, Aki, 2016. "Measuring and Valuing Health Benefits for Economic Evaluation," OUP Catalogue, Oxford University Press, edition 2, number 9780198725923.
    2. Yan Feng & Nancy J. Devlin & Koonal K. Shah & Brendan Mulhern & Ben van Hout, 2018. "New methods for modelling EQ‐5D‐5L value sets: An application to English data," Health Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 23-38, January.
    3. Nancy Devlin & Ken Buckingham & Koonal Shah & Aki Tsuchiya & Carl Tilling & Grahame Wilkinson & Ben Hout, 2013. "A Comparison Of Alternative Variants Of The Lead And Lag Time Tto," Health Economics, John Wiley & Sons, Ltd., vol. 22(5), pages 517-532, May.
    4. Nancy J. Devlin & Paul Hansen & Paul Kind & Alan Williams, 2003. "Logical inconsistencies in survey respondents' health state valuations - a methodological challenge for estimating social tariffs," Health Economics, John Wiley & Sons, Ltd., vol. 12(7), pages 529-544.
    5. Georges Dionne & Paul Lanoie, 2004. "Public Choice about the Value of a Statistical Life for Cost-Benefit Analyses: The Case of Road Safety," Journal of Transport Economics and Policy, University of Bath, vol. 38(2), pages 247-274, May.
    6. Parkin, D. & Rice, N. & Devlin, N., 2008. "Statistical analysis of EQ-5D profiles: does the use of value sets bias inference?," Working Papers 08/10, Department of Economics, City University London.
    7. Viscusi, W Kip & Aldy, Joseph E, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
    8. Mark Oppe & Kim Rand-Hendriksen & Koonal Shah & Juan M. Ramos‐Goñi & Nan Luo, 2016. "EuroQol Protocols for Time Trade-Off Valuation of Health Outcomes," PharmacoEconomics, Springer, vol. 34(10), pages 993-1004, October.
    9. repec:ohe:monogr:000189 is not listed on IDEAS
    10. Anthony J. Culyer, 2010. "The Dictionary of Health Economics, Second Edition," Books, Edward Elgar Publishing, number 13897.
    11. Donaldson, C., 2011. "Willingness to Pay and Publicly Funded Health Care: Contradiction in Terms?," Seminar Briefings 000173, Office of Health Economics.
    12. repec:reg:rpubli:282 is not listed on IDEAS
    13. repec:wly:hlthec:v:27:y:2018:i:1:p:7-22 is not listed on IDEAS
    14. Nancy J. Devlin & Koonal K. Shah & Yan Feng & Brendan Mulhern & Ben van Hout, 2018. "Valuing health‐related quality of life: An EQ‐5D‐5L value set for England," Health Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 7-22, January.
    15. Papadimitropoulos, M. & Elbarazi, I. & Blair, I. & Katsaiti, M.S & Shah, K. & Devlin, N., 2015. "An Investigation of the Feasibility and Cultural Appropriateness of Stated Preference Methods to Generate EQ-5D-5L Values in the United Arab Emirates," Research Papers 001582, Office of Health Economics.
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    Citations

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    Cited by:

    1. Cubi-Molla, P. & Shah, K.K & Garside, J. & Herdman, M. & Devlin, N., 2017. "Age and Utilities: Issues for HTA," Research Papers 001830, Office of Health Economics.
    2. repec:wly:hlthec:v:27:y:2018:i:1:p:23-38 is not listed on IDEAS
    3. Yan Feng & Nancy J. Devlin & Koonal K. Shah & Brendan Mulhern & Ben van Hout, 2018. "New methods for modelling EQ‐5D‐5L value sets: An application to English data," Health Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 23-38, January.
    4. Devlin, N. & Shah, K. & Mulhern, B. & Pantiri, K. & van Hout, B., 2017. "A New Valuation Method: Directly Eliciting Personal Utility Functions," Research Papers 001885, Office of Health Economics.

    More about this item

    Keywords

    Measuring and valuing outcomes;

    JEL classification:

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

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