Decision Rule

Definition

Health Economics

  • A criterion (or set of criteria) to aid a decision-maker in selecting between alternative courses of action. In the context of a cost-benefit analysis it may be 'rank all projects in terms of their benefit-cost ratios and work down the list until the budget is exhausted'. In cost-effectiveness contexts the rule might be 'adopt all projects for which the incremental cost-effectiveness ratio lies below a given threshold value'.
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