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The probability of cost-effectiveness

O'Hagan, A. and Stevens, J.W. (2002) The probability of cost-effectiveness. BMC Medical Research Methodology, 2 (1). p. 5. ISSN 1471-2288

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Abstract

BACKGROUND:

The study of cost-effectiveness comparisons between competing medical interventions has led to a variety of proposals for quantifying cost-effectiveness. The differences between the various approaches can be subtle, and one purpose of this article is to clarify some important distinctions.

DISCUSSION:

We discuss alternative measures in the framework of individual, patient-level, incremental net benefits. In particular we examine the probability of cost-effectiveness for an individual, proposed by Willan.

SUMMARY:

We argue that this is a useful addition to the range of cost-effectiveness measures, but will be of secondary interest to most decision makers. We also demonstrate that Willan's proposed estimate of this probability is logically flawed.

Item Type: Article
Copyright, Publisher and Additional Information: © 2002 O'Hagan and Stevens; licensee BioMed Central Ltd. This is an Open Access article: verbatim copying and redistribution of this article are permitted in all media for any purpose, provided this notice is preserved along with the article's original URL.
Academic Units: The University of Sheffield > University of Sheffield Research Centres and Institutes > Centre for Bayesian Statistics and Health Economics (Sheffield)
Depositing User: Sheffield Import
Date Deposited: 05 Oct 2009 11:58
Last Modified: 08 Oct 2009 10:16
Published Version: http://www.biomedcentral.com/1471-2288/2/5
Status: Published
Publisher: Biomed Central
Identification Number: 10.1186/1471-2288-2-5
URI: http://eprints.whiterose.ac.uk/id/eprint/9718

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