Uncertainty & Value of Information

Terms for describing and quantifying uncertainty in economic evaluations and for valuing further research.

  • Topic: Uncertainty & Value of Information
  • 37 terms
  • Editor reviewed

2 terms

Confidence EllipseJoint Confidence Region, CE-Plane Ellipse

A graphical region, typically on a cost-effectiveness plane, showing where the true joint value of incremental cost and effect is expected to fall.

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Cost-Effectiveness Acceptability Curve (CEAC)Cost-Effectiveness Acceptability Curve, CEAC

A graph plotting the probability an intervention is cost-effective against a range of possible values for the cost-effectiveness threshold.

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