Reference-Dependent Preferences and Loss Aversion:A Discrete Choice Experiment in the Health-Care Sector

A Discrete Choice Experiment (DCE) in the health-care sector is used to test the lossaversion theory that is derived from reference-dependent preferences: The absolutesubjective value of a deviation from a reference point is generally greater when the deviationrepresents a loss than when the same-sized change is perceived as a gain. As far as isknown, this paper is the first to use a DCE to test the loss aversion theory...

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Year of publication:	2007-12-01
Authors:	Neuman, Einat ; Neuman, Shoshana
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Präferenz \| preference \| Attribut \| extrinsic/intrinsic attributes

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Extent:	253952 bytes 23 p. application/pdf
Series:	IZA Discussion Papers IZA Discussion Paper ; No. 3238 (2007)
Type of publication:	Book / Working Paper
Language:	English
Classification:	D01 - Microeconomic Behavior: Underlying Principles ; D12 - Consumer Economics: Empirical Analysis ; I19 - Health. Other ; Occupational safety. Industrial accident prevention. Ergonomics ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005861082