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A Note on QALYs, Time Tradeoff, and Discounting
16 references·6 citing·36 second hop
A Note on QALYs, Time Tradeoff, and Discounting (1994)A Note on QALYs, Time Tradeoff, and Disco…Time Preference in Medical Decision Making and Cost - Effectiveness Analysis (1993)Time Preference in Medical De…Rates of Time Preference for Saving Lives (1992)Rates of Time Preference for …Discounting and health benefits (1992)Discounting and health benefi…Reassessing the government's discount rate policy in light of new theory and data in a world economy with a high degree of capital mobility (1990)Reassessing the government's …Principles of Cost-Effective Resource Allocation in Health Care organizations (1990)Principles of Cost-Effective …Models for estimating discount rates for long-term health risks using labor market data (1990)Models for estimating discoun…The use of QALYs in health care decision making (1989)The use of QALYs in health ca…Rates of time preference and valuations of the duration of life (1989)Rates of time preference and …Methods for the economic evaluation of health care programmes (1987)Methods for the economic eval…Economics of coronary artery bypass grafting. (1985)Economics of coronary artery …Discounting of Life-Saving and Other Nonmonetary Effects (1983)Discounting of Life-Saving an…Utility Functions for Life Years and Health Status (1980)Utility Functions for Life Ye…A utility maximization model for evaluation of health care programs. (1972)A utility maximization model …Cost-Benefit Analysis (1971)Cost-Benefit AnalysisRisk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Theory of Games and Economic Behaviour. (1946)Theory of Games and Economic …An overview of the time trade-off method: concept, foundation, and the evaluation of distorting factors in putting a value on health (2020)An overview of the time trade…Incremental cost per quality-adjusted life year gained? The need for alternative methods to evaluate medical interventions for ultra-rare disorders (2014)Incremental cost per quality-…Cost-effectiveness Analysis in the Assessment of Diagnostic Imaging Technologies (2005)Cost-effectiveness Analysis i…A multi‐method approach to measuring health‐state valuations (2003)A multi‐method approach to me…A Consistency Test of the Time Trade-Off (2003)A Consistency Test of the Tim…Valuing Outcomes in Health Care (1998)Valuing Outcomes in Health Ca…Theory of Games and Economic Behavior (1945)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Quality-of-Life Assessment: Can We Keep It Simple? (1992)Cost-utility analysis. (1993)Subjective Well-Being: Measuring Happiness, Suffering, and Other Dimensions of Experience (2013)Independence in Utility Theory with Whole Product Sets (1965)Risk Aversion in the Small and in the Large (1976)Decisions with Multiple Objectives: Preferences and Value Tradeoffs. (1994)One Thousand Health-Related Quality-of-Life Estimates (2000)Decision Making in Health and Medicine: Integrating Evidence and Values (2001)HALYs and QALYs and DALYs, Oh My: Similarities and Differences in Summary Measures of Population Health (2002)The utility of different health states as perceived by the general public (1978)Calculating QALYs, comparing QALY and DALY calculations (2006)QALYs: The Basics (2009)Measurement of health state utilities for economic appraisal (1986)Guidelines for authors and peer reviewers of economic submissions to the BMJ (1996)The Estimation of a Preference-Based Measure of Health From the SF-12 (2004)Deriving a Preference-Based Single Index from the UK SF-36 Health Survey (1998)Development of WHO guidelines on generalized cost-effectiveness analysis (2000)Development of a self-report measure of capability wellbeing for adults: the ICECAP-A (2011)Discounting in the Economic Evaluation of Health Care Interventions (1993)Some guidelines on the use of cost effectiveness league tables. (1993)Need for differential discounting of costs and health effects in cost effectiveness analyses (2005)Life-cycle preferences over consumption and health: when is cost-effectiveness analysis equivalent to cost–benefit analysis? (1999)Is American Health Care Uniquely Inefficient? (2008)On discount rates for economic evaluations in global health (2019)Economic impact of sporting events (1992)Qualitative multicriteria evaluation for environmental management (1994)The Aggregation of Climate Change Damages: a Welfare Theoretic Approach (1997)Evaluating patient-based outcome measures for use in clinical trials. (1998)The valuation of reliability for personal travel (2001)Cooperation between non-kin in animal societies (2009)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1987Methods for the economic evaluation of health care programmes4,274 cited
  • 1946Theory of Games and Economic Behaviour.1,285 cited
  • 1972A utility maximization model for evaluation of health care programs.740 cited
  • 1985Economics of coronary artery bypass grafting.718 cited
  • 1980Utility Functions for Life Years and Health Status675 cited
  • 1989The use of QALYs in health care decision making374 cited
  • 1983Discounting of Life-Saving and Other Nonmonetary Effects277 cited
  • 1971Cost-Benefit Analysis272 cited
  • 1992Discounting and health benefits227 cited
  • 1990Principles of Cost-Effective Resource Allocation in Health Care organizations222 cited
  • 1989Rates of time preference and valuations of the duration of life201 cited
  • 1993Time Preference in Medical Decision Making and Cost - Effectiveness Analysis155 cited
  • 1992Rates of Time Preference for Saving Lives149 cited
  • 1990Models for estimating discount rates for long-term health risks using labor market data145 cited
  • 1990Reassessing the government's discount rate policy in light of new theory and data in a world economy with a high degree of capital mobility

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  • 2020An overview of the time trade-off method: concept, foundation, and the evaluation of distorting factors in putting a value on health96 cited
  • 1998Valuing Outcomes in Health Care95 cited
  • 2005Cost-effectiveness Analysis in the Assessment of Diagnostic Imaging Technologies83 cited
  • 2003A multi‐method approach to measuring health‐state valuations81 cited
  • 2014Incremental cost per quality-adjusted life year gained? The need for alternative methods to evaluate medical interventions for ultra-rare disorders73 cited
  • 2003A Consistency Test of the Time Trade-Off1 cited