The probability of cost-effectiveness.
BACKGROUND
The study of cost-effectiveness comparisons between competing medical interventions has led to a variety of proposals for quantifying cost-effectiveness. The differences between the various approaches can be subtle, and one purpose of this article is to clarify some important distinctions.


CONCLUSIONS
We discuss alternative measures in the framework of individual, patient-level, incremental net benefits. In particular we examine the probability of cost-effectiveness for an individual, proposed by Willan.


CONCLUSIONS
We argue that this is a useful addition to the range of cost-effectiveness measures, but will be of secondary interest to most decision makers. We also demonstrate that Willan's proposed estimate of this probability is logically flawed.
O'Hagan
Anthony
A
Centre for Bayesian Statistics in Health Economics, University of Sheffield, Sheffield, UK. a.ohagan@sheffiled.ac.uk
Stevens
John W
JW
D001499:Bayes Theorem; D003362:Cost-Benefit Analysis / Q000379:methods / Q000706:statistics & numerical data*; D003661:Decision Support Techniques; D004194:Disease / Q000191:economics*; D004470:Economics, Medical; D006282:Health Personnel / Q000191:economics; D006801:Humans; D013812:Therapeutics / Q000191:economics*