Multi-attribute utility function or statistical inference models: A comparison of health state valuation models using the HUI2 health state classification system

Journal of Health Economics
Stevens, K., et al. - A key issue in health state valuation modelling is the choice of functional form. The two most frequently used preference based instruments adopt different approaches; one based on multi-attribute utility theory (MAUT), the other on statistical analysis. There has been no comparison of these alternative approaches in the context of health economics. We report a comparison of these approaches for the health utilities index mark 2