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Definition, interpretation and calculation of cost‐effectiveness acceptability curves
Author(s) -
Löthgren Mickael,
Zethraeus Niklas
Publication year - 2000
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/1099-1050(200010)9:7<623::aid-hec539>3.0.co;2-v
Subject(s) - interpretation (philosophy) , parametric statistics , computation , confidence interval , inference , parametric equation , computer science , relation (database) , statistical inference , parametric model , mathematics , econometrics , statistics , algorithm , data mining , artificial intelligence , geometry , programming language
This paper discusses the definition, interpretation and computation of cost‐effectiveness (CE) acceptability curves. A formal definition of the CE acceptability curve based on the net benefit approach is provided. The curve can be computed using parametric or non‐parametric techniques and for both computational approaches we establish a formal relation between the CE acceptability curve and statistical inference based on confidence intervals and P values in CE analysis. Copyright © 1999 John Wiley & Sons, Ltd.