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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.

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