Table 4

Credibility ratings for approaches to valuing changes in the risk of mortality

Criteria


Approach

Welfare Theoretic (Y/N)

Numbers of Studies (Many/Some/Few)

Other Limitations

Rating


Human Capital

N

M (not recent)

Undervalues non-workers

D

COI

Not usually; in principle could be if separate estimates available for pain and suffering

M

Usually underestimates

C

Revealed preference: Hedonic Labor Market; others

Y

M

Inappropriate commodity/Population sampled

B

CV and choice experiments: health

Y

S

Hypothetical; hard to understand small probability change

B

QALYs

N (except under very restrictive conditions)

M

Monetization arbitrary

C


Bell et al. Environmental Health 2008 7:41   doi:10.1186/1476-069X-7-41

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