Values, Utilities, HYEs, and QALYs
This paper demonstrates that the HYE procedure yields health status values, not utilities as its creators claim. The difference between results from HYEs and the TTO technique is merely a product of the Standard Gamble/Certainty Equivalence disparity noted elsewhere in the literature. If utility is the unit with which treatments or health profiles are to be compared, then, it is argued, a scenario specific SG should be employed. In theory, this would yield utilities without making the restrictive assumptions of utility independence between health status and the restrictive assumptions of utility independence between helath status and duration, and the linearity of utility with respect to time, which must be made with respect to QALYs.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Oct 1994|
|Contact details of provider:|| Postal: School of Economics and Finance, University of St. Andrews, Fife KY16 9AL|
Phone: 01334 462420
Fax: 01334 462438
Web page: http://crieff.wordpress.com/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:san:crieff:9423. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (the School of Economics)
If references are entirely missing, you can add them using this form.