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.
I
- Individual Patient SimulationIPS, Patient-Level Simulation, Individual-Level Simulation, Microsimulation, Patient-Level Microsimulation, Individual-Based Simulation, Individual Patient Modelling, Individual Patient Modeling
- Individual patient simulation is a modelling approach that generates separate patient histories under specified rules and aggregates their costs and health outcomes for a target population.
M
- Markov MicrosimulationIndividual-Level Markov Model, First-Order Markov Simulation
- Markov microsimulation is an individual-level state-transition modeling method that simulates each person's sequence of health states over time using transition probabilities that may depend on current state, personal characteristics, time, and explicitly retained history.
- MicrosimulationMicro-Simulation, Agent-Level Simulation
- Microsimulation models individuals one at a time, allowing their characteristics and event histories to influence future outcomes.
R
- Random Number GenerationRNG, Random Draw Generation
- Random number generation supplies the uncertain draws used in probabilistic sensitivity analysis, microsimulation, discrete-event simulation, bootstrap procedures, and other stochastic analyses.