Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
C
- Cost-Effectiveness Acceptability
- The probability that an intervention offers good value for money at a given willingness-to-pay threshold, accounting for uncertainty in the cost and effect estimates.
- Cost-Effectiveness Acceptability Curve (CEAC)CEAC
- A graph plotting the probability an intervention is cost-effective against a range of possible values for the cost-effectiveness threshold.
- Cost-Effectiveness Acceptability FrontierCEAF
- A curve showing, across willingness-to-pay thresholds, the probability that the option with the highest expected net benefit at each threshold is truly optimal.