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Cardinal Scales for Public Health Evaluation

RePEc: Research Papers in EconomicsPublished 1 January 2015
Lars Peter Raahave
Citations1

TL;DR

A method using a different type of preferences, called preference intensity or cardinal preferences, to construct scales that measure changes in health is developed, based on a social welfare model.

Abstract

Policy studies often evaluate health for a population by summing the individuals’ health as measured by a scale that is ordinal or that depends on risk attitudes. We develop a method using a different type of preferences, called preference intensity or cardinal preferences, to construct scales that measure changes in health. The method is based on a social welfare model that relates preferences between changes in an individual’s health to preferences between changes in health for a population.

Keywords

Decision SciencesEconomics, Econometrics and Finance