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Which measure
would you select?
You
answered:
 | TTO |
CORRECT
Because you plan to do cost-effectiveness analysis, you need a
preference-weighted measure. Of the ones shown, only the TTO is
preference-weighted. Although another utility measure, such as
the standard gamble, could be appropriate, considerations in your
choice between TTO and SG may include the issue that the health
state may be considered a minor disease by some respondents, and
so you would like to have a measure that will detect small changes
in utility reliably. The SG may be problematic since an accurate
assessment of the utility would require the respondent to consider
very small probabilities, which is quite difficult for many individuals
(Woloshin,
Schwartz et al., 2001). Time can be traded off in small units
that are still familiar to most people, such as days or even hours.
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