suppose you are asked to use the standard time trade-off approach to measuring q

Question

suppose you are asked to use the standard time trade-off approach to measuring quality of life and are given the following information. an individual is faced with living the remaining 10 years of her life suffering from severe osteoporosis. she reveals that she would be willing to give up four of those years to live the remaining six in perfect health. what is the utility of one year in the chronic health state relative to perfect health? 1. 4 2. 6 3. 0.4 4. 0.6 5. there is not enough information to determine the utility of life in this case

Explanation / Answer

4. 0.6

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