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.
T
- Time Trade-OffTTO, Life-Year Trade-Off
- A health state valuation method asking how many years in full health a respondent would consider equal to a longer period in an impaired state.