Cost-effectiveness acceptability curves--facts, fallacies and frequently asked questions.

@article{Fenwick2004CosteffectivenessAC,
  title={Cost-effectiveness acceptability curves--facts, fallacies and frequently asked questions.},
  author={Elisabeth A. L. Fenwick and Bernie J O'brien and Andrew Harvey Briggs},
  journal={Health economics},
  year={2004},
  volume={13 5},
  pages={405-15}
}
Cost-effectiveness acceptability curves (CEACs) have been widely adopted as a method to quantify and graphically represent uncertainty in economic evaluation studies of health-care technologies. However, there remain some common fallacies regarding the nature and shape of CEACs that largely result from the 'textbook' illustration of the CEAC. This 'textbook' CEAC shows a smooth curve starting at probability 0, with an asymptote to 1 for higher money values of the health outcome (lambda). But… CONTINUE READING
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