A “happiness” approach to health state values for children
Estimations of population value sets for health state classification systems are used to compare health across different conditions and treatments to inform resource allocation decisions.
Approaches to eliciting health state values have, to date, relied exclusively on stated preference methods based on decision utility.
This research explores the possibility of using an experienced utility approach to generate or validate values for health states.
Using child self-reported happiness as an indicator of experienced utility and a generic health state instrument in children (Child Health Utility 9D Index, CHU9D), we estimate the relative value of CHU9D health dimension levels using a fixed effects model.
The resulting weights provide estimates of utility loss that are generally comparable to those estimated by the established stated preference decision utility weights for children with health conditions, despite two-fifths of the health dimension levels being collapsed for desired monotonicity.
This research demonstrates that using experienced utility methods is possible and has the potential to play a role in producing or validating health state values.
Speaker
Dr Li Huang, University of Melbourne
Dr Huang is a senior research fellow with the Health Economics Unit, the University of Melbourne. She has broad interests in the economics of wellbeing and income-related inequalities. She also specialises in economic analysis alongside clinical trials and clinical registries. Dr Huang is PhD-trained in Economics, and since joining the Health Economics Unit she has been undertaking joint research across disciplines with health science and clinical researchers.
Organised by
Centre for Health Economics, Monash Business School
As part of our centre's vibrant research culture, we host a weekly seminar series. Visiting and invited researchers present current research relating to the economics of health and wellbeing, and the healthcare sector. Visitors are welcome to join these sessions, where discussion and debate is encouraged.
Event Details
- Date:
- 18 May 2022 at 12:00 pm – 1:00 pm
- Venue:
- In-person at Caulfield campus, Building H, Level 9, Room H914 and Zoom
- Categories:
- Health Economics; CHE Seminar
Description
Estimations of population value sets for health state classification systems are used to compare health across different conditions and treatments to inform resource allocation decisions.
Approaches to eliciting health state values have, to date, relied exclusively on stated preference methods based on decision utility.
This research explores the possibility of using an experienced utility approach to generate or validate values for health states.
Using child self-reported happiness as an indicator of experienced utility and a generic health state instrument in children (Child Health Utility 9D Index, CHU9D), we estimate the relative value of CHU9D health dimension levels using a fixed effects model.
The resulting weights provide estimates of utility loss that are generally comparable to those estimated by the established stated preference decision utility weights for children with health conditions, despite two-fifths of the health dimension levels being collapsed for desired monotonicity.
This research demonstrates that using experienced utility methods is possible and has the potential to play a role in producing or validating health state values.
Speaker
Dr Li Huang, University of Melbourne
Dr Huang is a senior research fellow with the Health Economics Unit, the University of Melbourne. She has broad interests in the economics of wellbeing and income-related inequalities. She also specialises in economic analysis alongside clinical trials and clinical registries. Dr Huang is PhD-trained in Economics, and since joining the Health Economics Unit she has been undertaking joint research across disciplines with health science and clinical researchers.
Organised by
Centre for Health Economics, Monash Business School
As part of our centre's vibrant research culture, we host a weekly seminar series. Visiting and invited researchers present current research relating to the economics of health and wellbeing, and the healthcare sector. Visitors are welcome to join these sessions, where discussion and debate is encouraged.