Soundbites: Preferences and Values
Scan featured publications, projects and work conducted by our center community and our decision science colleagues across the globe.
What Does the Public Value?
How should we allocate scarce public resources? What should we use our public funds to pay for and what should we not? The “value of a statistical life” (VSL) places a dollar amount on how much a life is worth, and therefore how much we should “spend” to save one.
Patients are faced with complex treatment decisions every day. Understanding how decisions are made, what is important in different contexts, how decisions differ when there are dependents or at the end of life, all matter to helping patients navigate care.
Understanding mechanisms and components of choices are key considerations in a decision analysis. Choice-based methods for preference measurement offer new options for quantifying decision inputs to inform economic evaluation.
Parents’ preferences for childhood vaccinations are highly influenced by perceived risks and benefits. For hypothetical vaccinations presented in a national survey—how did parents value number of injections versus vaccine complications versus vaccine effectiveness? The results illustrate the role of emotion in vaccine risk communication.