Related Experiment Video
Updated: Jan 16, 2026
Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
The Influence of Perspective on the Valuation of the EQ-5D-Y-3L: A Comparison Using the OPUF Tool and a
Jake Hitch1,2, Gayathri Kumar1,3, Paul Schneider4,5
1Office of Health Economics, 2nd Floor Goldings House, Hay's Galleria, 2 Hay's Lane, London, SE1 2HB, UK.
Background:
The choice of perspective in valuation tasks is likely to affect the scale of EQ-5D-Y-3L value sets, but less is known about how it affects the relative importance of different dimensions.
Objectives:
The aim of this study was to examine how preferences for EQ-5D-Y-3L health states differ according to different perspectives utilising two methods: the Online elicitation of Personal Utility Functions (OPUF) tool and a discrete choice experiment (DCE).
Methods:
An online survey was designed containing the OPUF tool and a DCE. Adult respondents from the United Kingdom were randomised to one of five different perspective arms: (1) 4-year-old child, (2) 10-year-old child, (3) a child of unspecified age, (4) another adult, and (5) own health. The resulting OPUF value sets (social utility functions), and relative importance scores for the five dimensions from both methods, were compared across perspectives.
Results:
Results differed by perspective in both valuation tasks. In both tasks, 'looking after myself' was less important and 'pain or discomfort' was more important in the child perspectives than in the adult perspectives. Furthermore, the scale of the value sets produced by the OPUF tool differed by perspective, with the value of the worst health state being significantly lower in the adult perspectives than in the child perspectives.
Conclusion:
Our results suggest that the valuation of the EQ-5D-Y-3L is affected by the perspective that adult respondents are asked to take. Researchers should be aware of the potential impact and ensure that relevant stakeholders understand this when designing valuation studies.
More Related Videos
Related Concept Videos
01:09Decision Making: P-value Method
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim is also stated. These statements can act as null and alternative hypotheses: a null hypothesis would be a neutral statement while the alternative hypothesis can...
01:16Response Surface Methodology
The process of RSM involves several key steps:
01:29Econometric Views (EViews)
01:14Decision Making: Traditional Method
First, a specific claim about the population parameter is decided based on the research question and is stated in a simple form. Further, an opposing statement to this claim is also stated. These statements can act as null and alternative hypotheses, out of which a null hypothesis would be a...
03:26Framing Effects
01:21Friedman Two-way Analysis of Variance by Ranks