Social preferences for health states: An empirical evaluation of three measurement techniques

Health state preferences measured on the general public provide useful information in their own right as well as being necessary data for the application of many health status index models. But, how should the preferences be measured? This paper reports the results of an empirical investigation in which three measurement techniques are applied to several samples of the general public to measure the social preferences for ten different health states. The standard gamble technique by von Neumann-Morgenstern, a time trade-off technique by the author, and a category scaling method are analyzed with respect to their feasibility, reliability, validity and comparability.