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Suppose You Are Asked to Use the Standard Time Trade-Off

Question 20

Multiple Choice
Suppose you are asked to use the standard time trade-off approach to measuring the 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 two 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?

Suppose you are asked to use the standard time trade-off approach to measuring the 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 two 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?


A) 2
B) 8
C) 0.2
D) 0.8

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