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Considerations in Applying Benefit-Cost Analysis to Preventive Interventions for Children, Youth, and Families Workshop Summary (2014) / Chapter Skim
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Appendix A: Glossary
Pages 67-68

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From page 67...
... discount rate -- a factor used to estimate future costs or the value of future benefits at the current equivalent value, used with the goal of attempting to take into account likely changes in valuation, opportunity costs, and other factors. effect size -- the magnitude of results (or effects on participants)
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From page 68...
... 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. standard error -- used to refer to the standard deviation of various sample statistics such as the mean or median.
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Key Terms

  • nonrandom factors
  • ture benefits
  • competing interventions
  • experiment designed
  • equivalent value

  • reasonable monetary
  • rally occurring
  • monetary terms
  • controlled trials
  • established standard

  • interrupted time
  • monetary cost
  • manipulated event
  • opportunity costs
  • outcome measures

  • alternative statistical
  • current equivalent
  • occurring event
  • statistical procedures
  • estimate future

  • using alternative
  • future costs
  • time series
  • randomized controlled
  • economic analysis

  • future benefits
  • randomized assignment
  • particular decision
  • particular treatment
  • particular scale


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