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dc.contributor.authorOmbler, Franz
dc.contributor.authorAlbert, Michael
dc.contributor.authorHansen, Paul
dc.date.available2017-03-31T02:55:54Z
dc.date.copyright2017-03
dc.identifier.citationOmbler, F., Albert, M., & Hansen, P. (2017). The true significance of ‘high’ correlations between EQ-5D value sets (Economics Discussion Papers Series No. 1704). University of Otago. Retrieved from http://hdl.handle.net/10523/7247en
dc.identifier.issn1178-2293
dc.identifier.urihttp://hdl.handle.net/10523/7247
dc.description.abstractHigh correlation coefficients for EQ-5D value sets derived from different samples, e.g. across countries, are conventionally interpreted as evidence that the people in the respective samples have similar health-related quality of life preferences. However, EQ-5D value sets contain many inherent rankings of health state values by design. By calculating coefficients for value sets created from random data, we demonstrate that ‘high’ correlation coefficients are an artefact of these inherent rankings; e.g. median Pearson’s r = 0.783 for the EQ-5D-3L and 0.850 for the EQ-5D-5L instead of zero. Therefore, high correlation coefficients do not necessarily constitute evidence of ‘true’ associations. After calculating significance levels based on our simulations – available as a resource for other researchers – we find that many high coefficients are not as significant as conventionally interpreted, whereas other coefficients are not significant. These ‘high’ but insignificant correlations are in fact spurious.en_NZ
dc.format.mimetypeapplication/pdf
dc.language.isoenen_NZ
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/*
dc.subjectCorrelationen_NZ
dc.subjectstatistical significanceen_NZ
dc.subjectEQ-5Den_NZ
dc.subjecthealth-related quality of lifeen_NZ
dc.titleThe true significance of ‘high’ correlations between EQ-5D value setsen_NZ
dc.typeDiscussion Paperen_NZ
dc.date.updated2017-03-29T23:33:21Z
otago.schoolOtago Business School / Department of Economicsen_NZ
otago.openaccessOpenen_NZ
otago.relation.number1704en_NZ
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Attribution-NonCommercial-ShareAlike 4.0 International
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