Construct · 1 fields · 1 citations

standard gamble: a standalone construct

One name. One construct. A landmark on the map.

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Health economics

valuing a health state by the risk of death a person would accept to avoid living in it.

In health economics, standard gamble refers to valuing a health state by the risk of death a person would accept to avoid living in it. This meaning comes from Torrance (1986) in Journal of Health Economics.[1]

Unit
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Nearby constructs

person3 fields · 6 citationsjingle · one word, three constructs risk6 fields · 13 citationsjingle · one name, six constructs state4 fields · 6 citationsjingle · one word, four constructs

References

Torrance, G. W. (1986). Measurement of health state utilities for economic appraisal. Journal of Health Economics, 5(1), 1-30. https://doi.org/10.1016/0167-6296(86)90020-2

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