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- W201750452 abstract "First of all, let me comment on the title of my presentation. The title was a suggestion from the organisers, which I accepted and hence take sole responsibility for. The basic idea behind quality-adjusted life-years (QALYs) is to let the individual indicate the ‘relative’ utility he derives from a particular health profile. Typically, the utility derived from full health is set equal to unity and the utility derived from the worst possible health state (death) is set equal to zero. QALYs are often used as the benefits measure in cost-effectiveness analysis (then sometimes called cost-utility analysis) of medical treatments. Contingent valuation is a survey method for the estimation of the willingness-to-pay (or the willingness-to-accept- compensation) for a change in utility. In the simplest variation, respondents are asked about their maximal willingness-to-pay for a particular project. The contingent valuation method (CVM) is often used as a tool in cost-benefit analysis. I interpret the title as hinting at the question of whether we should use cost-benefit analysis or cost-utility analysis in order to assess the effects of smoking." @default.
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- W201750452 title "Contingent Valuation or QALYs" @default.
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- W201750452 doi "https://doi.org/10.1007/978-94-011-4415-5_5" @default.
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