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Strengthening Benefit-Cost Analysis for Early Childhood Interventions Workshop Summary (2009) / Chapter Skim
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Appendix A: Glossary
Pages 69-71

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From page 69...
... cost-effectiveness analysis -- a method of economic analysis in which outcomes of an intervention are measured in nonmonetary terms. The outcomes and costs are compared with both the outcomes (using the same outcome measures)
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From page 70...
... p-value -- calculation of the probability that the data indicate a significant difference. quasi-experimental design -- an experiment designed to produce evidence of causality when randomized controlled trials are not possible, using alternative statistical procedures to compensate for nonrandom factors.
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From page 71...
... selection bias -- an unrecognized difference in the characteristics of the subjects of an experiment who do or do not receive the treatment, or who or do not benefit from it, that will affect the results. shadow value/shadow price -- the true value or cost of the results of a particular decision, as calculated when no market price is available; a dollar value attached to an opportunity cost.
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Key Terms

  • mental treatment
  • contingent valuation
  • participants randomly
  • nonrandom factors
  • hypothetical scenario

  • particular costs
  • outer limit
  • education program
  • competing interventions
  • experiment designed

  • academic skills
  • obtaining estimates
  • reasonable monetary
  • value attached
  • particular decision

  • monetary terms
  • multivariate regression
  • controlled trials
  • established standard
  • monetary cost

  • randomly selected
  • true value
  • outcome measures
  • streamline cost
  • particular hypothetical

  • childhood education
  • alternative statistical
  • cost analysis
  • particular outcome
  • statistical procedures


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