Utility Independence

Definition

Health Economics

• An assumption made in the construction of quality-adjusted life-years (QALYs). The utility that subjects obtain from the quality of their lives must be independent of the quantity of life, or the utility attaching to a health-related quality of life in one time period must be independent of past periods' quality of life and of that anticipated in future periods.

Nearby Definitions of “Utility Independence”

• utility
• utility and better
• utility box
• Utility Frontier
• utility function
• Utility Independence
• Utility Interdependence
• utility maximisation
• Utility Maximizing
• utility possibility frontier
• utility program

Contexts for “Utility Independence”

1 definition in context
• Health Economics