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
- Choice ExperimentDiscrete Choice Experiment, DCE
- A choice experiment is a stated-preference method in which respondents choose among systematically varied alternatives, allowing analysts to estimate the relative value of attributes from observed choice patterns under a specified random-utility model.
D
- Discrete Choice ExperimentDCE, Discrete-Choice Experiment
- A discrete choice experiment, or DCE, presents respondents with repeated sets of hypothetical alternatives described by attributes and asks them to select a preferred option.
L
- Level
- A specific value an attribute can take within a discrete choice experiment, such as a waiting time of two weeks versus six.
O
- Opt-Out OptionPresumed Consent, Automatic Enrolment
- An alternative in a discrete choice experiment letting respondents select neither presented option, representing a choice to keep current circumstances.
P
- Patient PreferencePatient Values, Stated Treatment Preference
- An individual patient's relative valuation of different treatment attributes or health outcomes, often elicited through methods such as a discrete choice experiment.
T
- Treatment Preference
- A patient's or clinician's relative preference among treatment options, typically elicited using stated preference methods such as a discrete choice experiment.
W
- Willingness-to-Pay EstimationWTP Estimation, WTP Elicitation
- The empirical process of measuring willingness to pay, typically through stated preference methods such as contingent valuation or discrete choice experiments.