Attema, Arthur E.; Brouwer, Werner B.F.; l’Haridon, … - In: Journal of Health Economics 32 (2013) 6, pp. 1057-1065
It is well-known that expected utility (EU) has empirical deficiencies. Cumulative prospect theory (CPT) has developed as an alternative with more descriptive validity. However, CPT's full function had not yet been quantified in the health domain. This paper is therefore the first to...