Assessing Utilities: How Much Risk Are You Willing to Take?

The video discusses cost effectiveness in healthcare, focusing on how to evaluate the value of treatments. It introduces utility values as a measure of quality of life and demonstrates two methods for assessing these values: the standard gamble and the time trade-off. The video uses hypothetical scenarios to explain these concepts and highlights the importance of understanding cost effectiveness in medical decision-making.

What are the potential risks and benefits of a treatment that could extend life?

What challenges exist in measuring the effectiveness of therapies that do not extend life but improve quality?

How do time trade-offs contribute to understanding patient preferences in healthcare?