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.
D
- Decision Utility
- The value an individual assigns to an outcome at the moment of choosing it, based on anticipated experience, unlike experienced utility.
E
- Experienced Utility
- The actual hedonic experience, such as pleasure or suffering, undergone while in a health state, unlike the decision utility anticipated in advance.