TY  - JOUR
PY  - 2002//
TI  - Addressing risk preferences in cost-effectiveness analyses
JO  - Applied health economics and health policy
A1  - Zivin, Joshua Graff
A1  - Bridges, John F.
SP  - 135
EP  - 139
VL  - 1
IS  - 3
N2  - 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>
LA  - en
SN  - 1175-5652
UR  - http://dx.doi.org/
ID  - ref1
ER  -