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
- ENBS CalculationENBS Computation, Net Sampling Benefit
- The process of computing the expected net benefit of sampling, the expected value of sample information from a study minus its expected cost.
- Expected Value of Sample InformationEVSI, Sample-Information Value
- Expected value of sample information is the expected increase in the value of a decision when a specified study’s possible data can update uncertainty before a strategy is chosen.
R
- Research CostStudy Cost, Trial Development Cost
- The total expected expense of conducting a proposed study, weighed against the expected value of sample information the study would generate.