Related Experiment Video
Updated: Jul 10, 2026

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Modelling the EuroQol data: a comparison of discrete choice conjoint and conditional preference modelling
1Global Pharmacoeconomic Research, Roche Pharmaceuticals, Palo Alto, CA 94304, USA. zafar.hakim@roche.com
Abstract:
This article compares two measurement strategies for measuring EuroQol health state preferences: (a) conditional preference modelling, implemented using rating scale and standard gamble scaling methods and (b) discrete choice conjoint modelling. The nature of the model form of the EuroQol health status preference function and the predictive ability of each measurement strategy formed the basis of the comparison. Data were collected via personal interviews with 140 US patients, 139 of whom provided usable responses. Both strategies supported a multiplicative model form as representative of the EuroQol health status preference function and were acceptable in terms of predictive ability. The agreement of the two measurement strategies on the nature of the model form provides evidence of the convergent validity of the multiplicative nature of the EuroQol health status preference function in this patient population. Since both strategies were found to be acceptable in terms of predictive ability, further research comparing preference scores and measuring respondent evaluations of the methodologies is necessary to illustrate the relative strengths and weaknesses of different health state preference measurement methodologies.
Related Concept Videos
Clearance Models: Noncompartmental Models
The noncompartmental approach capitalizes on extensive sampling data, correlating the volume of distribution to systemic exposure and the administered dosage. This method enables...
Mechanistic Models: Compartment Models in Individual and Population Analysis
Pharmacokinetic Models: Comparison and Selection Criterion
Physiological models take a detailed approach by considering specific molecular processes. They can predict drug distribution, metabolism, and elimination changes, providing a comprehensive understanding of how drugs interact with the body.
Pharmacodynamic Models: Direct Effect Model and Indirect Response Model
Response Surface Methodology
The process of RSM involves several key steps:
Econometric Views (EViews)

