utility

Latent variable regression – an idea

By Monkey Posted on April 12, 2016 Posted in Tips, tricks and notes Tagged with Bayesian, health economics, OpenBUGS, statistics, utility, WinBUGS

This post arose because of a discussion with some colleagues about the measurement of utility and health-related quality of life in cancer. It covers latent variable regression and an attempt to use it to describe the relationship between a common …

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By Monkey Posted on July 22, 2014 Posted in Glossary Tagged with health economics, QALY, utility

Utility is one of those awkward concepts that is fundamental to economics, but actually rather difficult to define. Utility is important because economists often deal with situations in which things are compared that are not similar. The reason for this …

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Latent variable regression – an idea

Utility

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