gamble (SG); time off (TTO); the visual analogue scale (VAS). These 3 approaches to the elicitation of utilities will now be outlined and a brief overview of their advantages and disadvantages is provided. Standard Gamble The SG methodology varies slightly depending on whether the health states being valued are chronic or temporary, and whether they are states worse or better than death (Drummond, 2005). The methodology for valuing chronic health states is described below. The SG methodology for the valuation of health states better than death is shown in Figure 2. Individuals are presented with two alternatives: (where time = 10 years) Alternative 1: A certain immediate outcome (health statej) for 10 years. Alternative 2: The uncertainty of a gamble with 2 possible outcomes: Either the patient is returned to perfect health and lives for an additional 10 years (probability P), or they die immediately (probability
gamble (SG); time off (TTO); the visual analogue scale (VAS). These 3 approaches to the elicitation of utilities will now be outlined and a brief overview of their advantages and disadvantages is provided. Standard Gamble The SG methodology varies slightly depending on whether the health states being valued are chronic or temporary, and whether they are states worse or better than death (Drummond, 2005). The methodology for valuing chronic health states is described below. The SG methodology for the valuation of health states better than death is shown in Figure 2. Individuals are presented with two alternatives: (where time = 10 years) Alternative 1: A certain immediate outcome (health statej) for 10 years. Alternative 2: The uncertainty of a gamble with 2 possible outcomes: Either the patient is returned to perfect health and lives for an additional 10 years (probability P), or they die immediately (probability
VKBrennan%20THESIS%20FINAL%20%28including%20appendix%29.docx