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utility value

— In health economic evaluations, a measure of the strength of preference for a specific health outcome

Full explanation:

In health economic evaluations, a utility or utility value is given to health outcomes (different health states).

These are usually expressed as being between zero and one. Death typically has a utility value of zero; perfect health has a value of one. Several different methods are used to measure utility values.

Different methods can give different estimates of people’s utility values and different people can have different utility values.

See also:

QALY

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