paper is the first to simultaneously measure utility of life duration, probability weighting, and loss aversion for health … small outcomes. Life years are arguably not ‘small’ and need not generate convex utility for losses. Moreover, utility of … life duration reflects discounting, causing concave utility. These results are a first step in fitting non-EU models for …

domain. This paper is therefore the first to, simultaneously measure utility of life duration, probability weighting, and … outcomes and need not generate, convex utility for losses. Moreover, utility of life duration reflects discounting, causing …