Resources Repository
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Resource PackPublication, Teaching Resource 2021Resource Pack: Valuing Health and Longevity in BCA
This resource pack, curated by the Center for Health Decision Science, introduces the valuation of …
This resource pack, curated by the Center for Health Decision Science, introduces the valuation of changes in health and longevity in benefit-cost analysis. It is targeted towards advanced students and practitioners who have a basic understanding of the benefit-cost analysis framework, as discussed in the Resource Pack: Introduction to Benefit-Cost Analysis. That pack provides a general overview of the approaches that are explored in more detail here, as well as related guidance documents. This pack…
Preferences/Values | Benefit-Cost Analysis | Policy/Regulation | College | Graduate | Critical Thinking/Analysis | Policy Translation -
ArticlePublication 2020Premature Deaths, Statistical Lives, and Years of Life
This article clarifies some misconceptions about mortality risk and economic valuation. The mortality effects of …
This article clarifies some misconceptions about mortality risk and economic valuation. The mortality effects of exposure to environmental hazards such as air pollution are often described by the estimated number of “premature deaths” and the economic value of an exposure reduction as the number of “statistical lives saved” multiplied by the “value per statistical life.” These terms can be misleading because the number of deaths advanced by exposure cannot be determined from mortality data; it…
Preferences/Values | Health Outcomes | Benefit-Cost Analysis | Environmental Health | Policy/Regulation | College | Graduate | Critical Thinking/Analysis -
OrganizationWeb Portal 2024Society for Benefit-Cost Analysis
The Society for Benefit-Cost Analysis (SBCA), founded in 2007, works to improve the theory and …
The Society for Benefit-Cost Analysis (SBCA), founded in 2007, works to improve the theory and practice of benefit-cost analysis and support evidence-based policy decisions. It addresses policy areas including public health, transportation, criminal justice, education, energy, environmental quality, homeland security, and poverty. Members include scholars and practitioners from around the world, who work in government, academia, nonprofits and private industry. Its members represent numerous disciplines such as economics, law, engineering, public policy, decision science, and…
Preferences/Values | Priority Setting/Ethics | Costing Methods | Benefit-Cost Analysis | Social Determinants | Environmental Health | Policy/Regulation | Business/Industry | Climate/Environment | Economics/Finance | Energy/Engineering | Education/Labor | Food/Agriculture | Government/Law | Health/Medicine | Military/Defense | Science/Technology | Global | Critical Thinking/Analysis -
Lesson/ModuleVideo, Teaching Resource 2018Introduction to Effectiveness, Patient Preferences, and Utilities
This video is intended to provide an introduction to the concept of the quality-adjusted life …
This video is intended to provide an introduction to the concept of the quality-adjusted life year or QALY as well as preference measurement. Descriptions of the several techniques that can be used for measuring QALYs in economic evaluations are presented. This video is part of the Conducting Cost-Effectiveness Analysis with VA Data (HCEA) free course offered by the U.S. Department of Veterans Affairs Health Services Research and Development group focused on cost-effectiveness analysis and budget…
Preferences/Values | Decision Analysis | Health Systems | Health/Medicine | North America | College | Graduate | Doctoral | Critical Thinking/Analysis | Quantitative Literacy -
Lesson/ModuleVideo, Teaching Resource 2018An Overview of Decision Analysis
This video is intended to provide high-level overview of the field of decision analysis and …
This video is intended to provide high-level overview of the field of decision analysis and presents topics that include: why engage in decision analysis; what are the differences between cost-effectiveness analysis, cost-utility analysis, cost-benefit analysis, and budget impact analysis; and different ways to conduct a decision analysis – such as modeling or measuring alongside a clinical trial. This video is part of the Conducting Cost-Effectiveness Analysis with VA Data (HCEA) free course offered by the…
Mathematical Models | Decision Analysis | Cost-Effectiveness Analysis | Health Systems | Health/Medicine | North America | College | Graduate | Doctoral | Critical Thinking/Analysis | Decision Making/Leadership | Quantitative Literacy -
BookPublication 2018Pricing Lives: Guideposts for a Safer Society
This book describes how the government came to adopt the value of a statistical life …
This book describes how the government came to adopt the value of a statistical life (VSL) approach for valuing changes in mortality risks and argues that its more widespread use would create a safer and more equitable society. The author estimates these values based on how much more money workers would demand to take on more hazardous jobs; his current estimate is $10 million. The book addresses numerous topics such as whether older people’s lives…
Preferences/Values | Benefit-Cost Analysis | Policy/Regulation | Climate/Environment | College | Graduate | Critical Thinking/Analysis -
Teaching PackPublication, Teaching Resource 2022Teaching Pack: Cost-Effectiveness Analysis I
In this teaching pack on Economic Evaluation: Cost-Effectiveness Analysis I, students are introduced to economic evaluation …
In this teaching pack on Economic Evaluation: Cost-Effectiveness Analysis I, students are introduced to economic evaluation as it relates to public health and learn to distinguish between cost-effectiveness and benefit-cost analyses. They learn the concepts of opportunity cost, incremental cost-effectiveness analysis and incremental cost-effectiveness ratios. Finally, students are shown the steps used to conduct a shopping spree cost-effectiveness analysis designed to maximize health under a budget constraint. Materials include an instructor's note, videos, companion slides, a…
Decision Analysis | Cost-Effectiveness Analysis | Health/Medicine | College | Graduate | Doctoral | Critical Thinking/Analysis | Quantitative Literacy -
Teaching PackPublication, Teaching Resource 2022Teaching Pack: Cost-Effectiveness Analysis II
In this teaching pack on Economic Evaluation: Cost-Effectiveness Analysis II, students are introduced to the …
In this teaching pack on Economic Evaluation: Cost-Effectiveness Analysis II, students are introduced to the concepts of the ‘competing choice’ analysis where the choice is between mutually exclusive options and how to recognize strong and weak dominance. Additionally, students learn to plot the results of the competing choice analysis, including how to display dominated options, and finally, students are shown how to structure, conduct and interpret results of a cost-effectiveness analysis that combines the ‘shopping…
Decision Analysis | Cost-Effectiveness Analysis | Health/Medicine | College | Graduate | Doctoral | Critical Thinking/Analysis | Quantitative Literacy -
Teaching PackPublication, Teaching Resource 2022Teaching Pack: Cost-Effectiveness Analysis III
In this teaching pack on Economic Evaluation: Cost-Effectiveness Analysis III, students are introduced to the …
In this teaching pack on Economic Evaluation: Cost-Effectiveness Analysis III, students are introduced to the different types of costs that are included in a cost-effectiveness analysis and learn how the perspective of the analysis helps to determine which costs would be included. Additionally, students learn the three basic steps to costing, identifying costs, measuring costs, and valuing costs, and become familiar with the recommendations of both the original and the more recent Panel on Cost-Effectiveness…
Costing Methods | Evidence Synthesis | Decision Analysis | Cost-Effectiveness Analysis | Health Systems | College | Graduate | Doctoral | Critical Thinking/Analysis | Quantitative Literacy