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QALYs and how they are arrived at. "Quality Adjusted Life Years" are the measure used by UK drug approval bodies in deciding which treatments to approve. They aim to spend no more than £30,000 per QALY.
The Open Thread posted at the beginning of the month has exceeded 500 comments – new Open Thread posts may be made here.
This thread is for the discussion of Less Wrong topics that have not appeared in recent posts. If a discussion gets unwieldy, celebrate by turning it into a top-level post.