New Journal Article: Directly Eliciting Personal Utility Functions
A new article in the European Journal of Health Economics describes the ‘personal utility functions’ approach to valuing health Over the last few years, OHE has been collaborating with colleagues from the University of Sheffield, University of Technology Sydney,…
A new article in the European Journal of Health Economics describes the ‘personal utility functions’ approach to valuing health
Over the last few years, OHE has been collaborating with colleagues from the University of Sheffield, University of Technology Sydney, and Pharmerit International to develop a new approach to valuing health-related quality of life. This approach involves directly eliciting personal utility functions (PUFs) from survey respondents, thereby seeking to avoid some of the issues associated with conventional techniques such as time trade-off and discrete choice experiment. The approach focuses on helping respondents to reflect and deliberate on their preferences, and results in a personal value set for each individual. It therefore has the potential for use in individual decision-making contexts.
Our paper, which describes the PUF method and reports the findings of piloting work to test its feasibility in valuing the EQ-5D, has just been published in the European Journal of Health Economics. The paper is available open access.
For more information about OHE’s research on personal utility functions, contact Koonal Shah.
Devlin, N.J., Shah, K.K., Mulhern, B.J., Pantiri, K. and van Hout, B., 2018. A New Method for Valuing Health: Directly Eliciting Personal Utility Functions. European Journal of Health Economics. DOI | RePEc
Pantiri, K., Shah, K., Devlin, N., Mulhern, B. and van Hout, B., 2016. Directly Eliciting Personal Utility Functions from a Convenience Sample of 30 Health Outcomes Professionals: A Pilot Study. Value in Health, 19(7), A473. DOI
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