Utsikt
Senior Member (Voting Rights)
They divided the marginal cost relative to CAU by the marginal effect relative to CAU, and found that the cost per effect per person per year was slightly lower than the £20,000 limit that is commonly used by the government.regarding the cost-effectiveness paper, I'm a bit perplexed about an intervention with null results that is still found to be "cost-effective." How does that work??
I briefly looked at the calculations (but I did not double check their sources) and I believe they add up except for one number I was unable to trace in the document.
The fatal flaw in their analysis is that they assumed that any positive effect would be meaningful regardless of the size. That is obviously not true, which is why we have MCID.
So they are essentially arguing that the government should spend a lot of money on something that isn’t going to make any meaningful difference. I would not be surprised if you would have seen a better result of if you just gave the participants the money that the intervention cost.