کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
961268 929835 2013 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Prospect theory in the health domain: A quantitative assessment
موضوعات مرتبط
علوم پزشکی و سلامت پزشکی و دندانپزشکی سیاست های بهداشت و سلامت عمومی
پیش نمایش صفحه اول مقاله
Prospect theory in the health domain: A quantitative assessment
چکیده انگلیسی
We observe loss aversion and risk aversion for gains and losses, which for gains can be explained by probabilistic pessimism. Utility for gains is almost linear. For losses, we find less weighting of probability 1/2 and concave utility. This contrasts with the common finding of convex utility for monetary losses. However, CPT was proposed to explain choices among lotteries involving monetary outcomes. Life years are arguably very different from monetary outcomes and need not generate convex utility for losses. Moreover, utility of life duration reflects discounting, causing concave utility.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Health Economics - Volume 32, Issue 6, December 2013, Pages 1057-1065
نویسندگان
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