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.
E
- Expected Value of Perfect InformationEVPI, Perfect-Information Value
- Expected value of perfect information is the expected increase in net benefit from eliminating all decision-relevant uncertainty before choosing among the available strategies.
P
- Population EVPIAggregate EVPI, Whole-Jurisdiction EVPI
- The expected value of perfect information calculated for an entire affected patient population over time, rather than for a single patient.