학제간연구 | Interdisciplinary Studies in Gambling | 跨学科研究
- date : 2015-05-20 01:10|hit : 2208
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- Article] DERIVING TIME DISCOUNTING CORRECTION FACTORS FOR TTO TARIFFS
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DocNo of ILP: 55
Doc. Type: Article
Title: DERIVING TIME DISCOUNTING CORRECTION FACTORS FOR TTO TARIFFS
Authors: Attema, AE; Brouwer, WBF
Full Name of Authors: Attema, Arthur E.; Brouwer, Werner B. F.
Keywords by Author: QALY model; time trade-off; utility measurement; discounting
Keywords Plus: HEALTH STATE VALUATIONS; VISUAL ANALOG SCALE; QUALITY-OF-LIFE; TRADE-OFF; STANDARD GAMBLE; PROSPECT-THEORY; NONEXPECTED UTILITY; DEPENDENT MODEL; LOSS AVERSION; PREFERENCES
Abstract: The Time Trade-off (TTO) method is a popular method for valuing health state utilities and is frequently used in economic evaluations. However, this method produces utilities that are distorted by several biases. One important bias entails the failure to incorporate time discounting. This paper aims to measure time discounting for health outcomes in a sample representative for the general population. In particular, we estimate TTO scores alongside time discounting in order to derive a set of correction factors that can be employed to correct raw TTO scores for the downward bias caused by time discounting. We find substantial positive correction factors, which are increasing with the severity of the health state. Furthermore, higher discounting is found when using more severe health states in the discounting elicitation task. More research is needed to further develop discount rate elicitation procedures and test their validity, especially in general public samples. Moreover, future research should investigate the correction of TTO values for other biases as well, such as loss aversion, and to develop a criterion to test the external validity of TTO scores. Copyright (c) 2013 John Wiley & Sons, Ltd.
Cate of OECD: Economics and business
Year of Publication: 2014
Business Area: gamble
Detail Business: gamble
Country: USA
Study Area:
Name of Journal: HEALTH ECONOMICS
Language: English
Country of Authors: [Attema, Arthur E.; Brouwer, Werner B. F.] Erasmus Univ, iBMG iMTA, NL-3000 DR Rotterdam, Netherlands
Press Adress: Attema, AE (reprint author), Erasmus Univ, iBMG iMTA, POB 1738, NL-3000 DR Rotterdam, Netherlands.
Email Address: attema@bmg.eur.nl
Citaion:
Funding: Netherlands Organization for Health Research and Development (ZonMW) [152002010]
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Number of Citaion: 66
Publication: WILEY-BLACKWELL
City of Publication: HOBOKEN
Address of Publication: 111 RIVER ST, HOBOKEN 07030-5774, NJ USA
ISSN: 1057-9230
29-Character Source Abbreviation: HEALTH ECON
ISO Source Abbreviation: Health Econ.
Volume: 23
Version: 4
Start of File: 410
End of File: 425
DOI: 10.1002/hec.2921
Number of Pages: 16
Web of Science Category: Economics; Health Care Sciences & Services; Health Policy & Services
Subject Category: Business & Economics; Health Care Sciences & Services
Document Delivery Number: AD0VK
Unique Article Identifier: WOS:000332952100004
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