Bootstrapping

The commonest method used to construct Cost Effectiveness Acceptability Curves (CEAC’s) is called bootstrapping. It can be thought of as a method of constructing confidence intervals and then visually representing it as a CEAC. CEAC’s are constructed in Economic Analyses and point to the probability that a given intervention is cost effective compared to the alternative at a range of investments (stated as willingness to pay per unit gain in outcome).