ABELLAN-PERPIÑAN, JOSE MARIA; Bleichrodt, Han; … - Departamento de Economía, Universidad Pablo de Olavide - 2007
This paper tests the consistency of health utility measurements with individual preferences. We compare three methods, the time trade-off, the standard gamble and a version of the standard gamble that corrects for the deviations from expected utility modeled by prospect theory. Individual...