The correction of TTO-scores for utility curvature using a risk-free utility elicitation method

B-Tier
Journal: Journal of Health Economics
Year: 2009
Volume: 28
Issue: 1
Pages: 234-243

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper describes and employs a new method to correct time tradeoff (TTO)-scores for utility of life duration curvature. In contrast to most previous attempts to do so, it uses a risk-free method that corresponds well to the risk-free properties of the TTO-method. In addition, the method is robust to several biases that occur under methods that incorporate risk. Our results show a significant degree of curvature in utility of life duration and therefore a clear bias in TTO-scores. The risk-free method seems to be useful to correct TTO-scores for this influence and leads to significantly higher quality-adjustment factors.

Technical Details

RePEc Handle
repec:eee:jhecon:v:28:y:2009:i:1:p:234-243
Journal Field
Health
Author Count
2
Added to Database
2026-01-24