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-Based MethodChoice-Based Valuation, Preference Elicitation Choice
- A health state valuation technique in which respondents choose between alternative states or gambles, such as the standard gamble or time trade-off.
D
- Direct ElicitationDirect Valuation, First-Hand State Valuation, Direct Utility Assessment
- A health state valuation approach in which respondents value a state directly, using techniques such as the standard gamble or time trade-off.
S
- Standard GambleSG, Reference Gamble
- The standard gamble is a choice-based health-state valuation method that finds the probability at which a respondent is indifferent between living in a certain health state and accepting a lottery between specified better and worse outcomes.