Construct · 1 fields · 1 citations

Keeler-Cretin paradox: a standalone construct

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Health economics

result that discounting health at a lower rate than costs makes delaying any program look better, so it is postponed indefinitely.

In health economics, Keeler-Cretin paradox refers to result that discounting health at a lower rate than costs makes delaying any program look better, so it is postponed indefinitely. This meaning comes from Keeler (1983) in Management Science.[1]

Unit
Recovery means
Measured by

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Nearby constructs

paradox3 fields · 4 citationsjingle · one word, three constructs program2 fields · 2 citationsjingle · one word, two constructs

References

Keeler, E. B., & Cretin, S. (1983). Discounting of Life-Saving and Other Nonmonetary Effects. Management Science, 29(3), 300-306. https://doi.org/10.1287/mnsc.29.3.300

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