The aim of this study was to evaluate willingness to pay (WTP) to avoid as
a method of eliciting relative values for use in expected-value (EV) decisi
on making. Parents' preferences for the events and outcomes associated with
acute otitis media (AOM) and its treatment were quantified by means of a q
uestionnaire asking how much they would be willing to pay to avoid them. Th
eir responses were then used to calculate the EVs of treating or not treati
ng presumed AOM with antibiotics. The advantages of the WTP method were its
simplicity, its analogy with everyday financial transactions, its explicit
recognition of illness and its management as involving decreases in value,
and its face validity. The disadvantages included the need to use another
method (the standard gamble) to derive a value for death and the wide range
s and the poor test-retest reliability of individual parents' responses. No
netheless, median WTP values and their ranges may prove useful in defining
for physicians and policymakers the parameters of their practical managemen
t decisions. In the case of AOM, the EV of treating with antibiotics was, f
or the aggregate sample and for most individual parents, robustly superior
because of parents' desire to avoid any increased risk of their children's
death.