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Valuing health states: a comparison of methods

Dolan, Paul, Gudex, Claire, Kind, Paul and Williams, Alan (1996) Valuing health states: a comparison of methods. Journal of Health Economics, 15 (2). pp. 209-231. ISSN 0167-6296

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Identification Number: 10.1016/0167-6296(95)00038-0


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.

Item Type: Article
Official URL:
Additional Information: © 1996 Elsevier Science B.V.
Divisions: Social Policy
Subjects: R Medicine > RA Public aspects of medicine
JEL classification: I - Health, Education, and Welfare > I1 - Health
Date Deposited: 11 Mar 2011 10:53
Last Modified: 20 Oct 2021 01:32

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