Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Health Auctions: a Valuation Experiment (HAVE) study protocol.

Sanjeewa Kularatna1, Dennis Petrie2, Paul A Scuffham1

  • 1Centre for Applied Health Economics, School of Medicine, Griffith University, Meadowbrook, Queensland, Australia Population and Social Health Research Programme, Menzies Health Institute Queensland, Griffith University, Meadowbrook, Queensland, Australia.

BMJ Open
|April 9, 2016
PubMed
Summary
This summary is machine-generated.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Healthcare Costs Following Medical Gender-Affirmation: Evidence From Whole-of-Population Australian Administrative Data.

Health economics·2026
Same author

Central venous access device-associated complication costs in paediatric cancer care.

Supportive care in cancer : official journal of the Multinational Association of Supportive Care in Cancer·2026
Same author

Evidence asymmetry in Australian public spending: why health alone cannot bear a higher burden of proof.

Frontiers in public health·2026
Same author

Cost-effectiveness of investing in earlier access to diabetic foot services: A multi-centre pre-post study.

Diabetic medicine : a journal of the British Diabetic Association·2026
Same author

An international randomised controlled trial of a novel antimicrobial dressing for peripheral intravenous catheters (ProP trial).

Antimicrobial resistance and infection control·2026
Same author

Changing catheter locking solution practice in paediatric cancer care: barriers, enablers and strategies for implementation.

European journal of oncology nursing : the official journal of European Oncology Nursing Society·2026
Same journal

Outcomes at school-age of children born extremely preterm or extremely low birth weight in Victoria, Australia: protocol for the 8-9 years follow-up of the prospective, longitudinal Victorian Infant Collaborative Study (VICS) 2016-2017 cohort.

BMJ open·2026
Same journal

Understanding citizens' preferences for prioritising patients in the face of scarce surgical capacity in the Netherlands: a think-aloud study.

BMJ open·2026
Same journal

Mental health outcomes and psychosocial correlates among adult members of business families in Germany (WIFU-GESUND): study protocol for a representative cross-sectional study.

BMJ open·2026
Same journal

Multidimensional correlates of adherence to cardiovascular treatment among patients with multimorbidity from tribal communities in South India: an exploratory cross-sectional study.

BMJ open·2026
Same journal

Clinical, procedural and patient-reported outcomes of the Ultimaster Nagomi sirolimus-eluting coronary stent in complex percutaneous coronary intervention: the NAGOMI COMPLEX prospective cohort study protocol.

BMJ open·2026
Same journal

Rapid sequence induction versus standard induction in patients with moderate aspiration risk: study protocol for a multicentre randomised controlled trial (INCORRECT trial).

BMJ open·2026
See all related articles

Experimental auctions offer a novel, feasible, and reliable method for valuing health states, potentially improving quality-adjusted life year calculations. This approach addresses limitations of traditional techniques.

Area of Science:

  • Health Economics
  • Decision Science
  • Psychometrics

Background:

  • Quality-adjusted life years (QALYs) rely on health state utility weights.
  • Traditional methods like time-trade-off and standard gamble have limitations.
  • Experimental auctions present a new composite approach for valuing health states.

Purpose of the Study:

  • To pilot test the feasibility and validity of experimental auctions for health state valuation.
  • To assess the reliability and validity of monetary health state values derived from auctions.
  • To compare auction-derived values with existing utility estimates.

Main Methods:

  • A pilot study involving 150 university staff and students.
  • Participants bid on health states from the EQ-5D-3L instrument in auction sets.

Related Experiment Videos

  • Reliability assessed via comparisons across auctions and a test-retest subset.
  • Validity compared against published utility estimates.

    • Main Results:

    • The study will explore the feasibility of using experimental auctions for health state valuation.
    • Reliability of health state valuations will be examined across different auction groups and auctioneers.
    • Validity of estimated health state values will be compared with published data.

    Conclusions:

    • Experimental auctions show promise as a feasible, reliable, and valid method for health state valuation.
    • This approach may offer an improvement over traditional techniques for deriving utility weights.
    • Findings will inform future research on health state valuation methodologies.