Article ID: | iaor20106314 |
Volume: | 7 |
Issue: | 3 |
Start Page Number: | 256 |
End Page Number: | 281 |
Publication Date: | Sep 2010 |
Journal: | Decision Analysis |
Authors: | Harvey Charles M, sterdal Lars Peter |
Keywords: | measurement, decision: studies |
Policy studies often evaluate health for an individual or for a population by using measurement scales that are ordinal scales or expected-utility scales. This paper develops scales of a different type, commonly called cardinal scales, that measure changes in health. Also, we argue that cardinal scales provide a meaningful and useful means of evaluating health policies. Thus, we develop a means of using the perspective of early neoclassical welfare economics as an alternative to ordinalist and expected-utility perspectives.