Evaluation of public investment in health care. Is the risk irrelevant?

Uri Ben-Zion, Amiram Gafni

Research output: Contribution to journalArticlepeer-review

34 Scopus citations


In this note we discuss the application of developments in economic theory to the evaluation of 'Risky' public health programs. We show that the use of expected values as measures of outcome in such programs is inappropriate. Instead we suggest the use of certainty equivalent values measured by a direct assessment (the 'Standard Gamble') as an appropriate way to evaluate the outcome.

Original languageEnglish
Pages (from-to)161-165
Number of pages5
JournalJournal of Health Economics
Issue number2
StatePublished - 1 Jan 1983
Externally publishedYes

ASJC Scopus subject areas

  • Health Policy
  • Public Health, Environmental and Occupational Health


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