@article{ref1,
title="Addressing risk preferences in cost-effectiveness analyses",
journal="Applied health economics and health policy",
year="2002",
author="Zivin, Joshua Graff and Bridges, John F.",
volume="1",
number="3",
pages="135-139",
abstract="Cost-effectiveness analysis is a form of economic evaluation that compares that compares the costs and effectiveness of health interventions, where effectiveness is measured in a single scale. Despite the growth in the popularity of cost-effectiveness analysis, very few cost-effectiveness analyses adequately measure and account for uncertainty. In the health economics literature, two schools of thought are emerging. The first takes a statistical approach to uncertainty by focusing on the likelihood that a decision making error will be made. The second approach applies and develops economic theories of risk preference that consider the welfare implications for a patient when they are presented with interventions that have uncertain health outcomes. Cost-effectiveness analyses need to account for risk preferences if they claim to be increasing patient welfare.<p /><p>Language: en</p>",
language="en",
issn="1175-5652",
doi="",
url="http://dx.doi.org/"
}