Transitivity in health utility measurement: An experimental analysis
AbstractSeveral experimental studies have observed substantial violations of transitivity for decisions between risky lotteries over monetary outcomes. The goal of our experiment is to test whether these violations also affect the evaluation of health states. A particular feature of our experimental design is that it takes into account the possible role of decision errors for generating violations of transitivity. Since we find neither substantial nor systematic deviations from transitive choice behaviour, we can conclude that previously reported violations do not seem to bias health utility measurement. Copyright Schmidt and Stolpe; licensee Springer. 2011
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Bibliographic InfoArticle provided by Springer in its journal Health Economics Review.
Volume (Year): 1 (2011)
Issue (Month): 1 (December)
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Web page: http://www.springer.com/economics/journal/13561
Other versions of this item:
- Ulrich Schmidt & Michael Stolpe, 2008. "Transitivity in Health Utility Measurement: An Experimental Analysis," Kiel Working Papers 1412, Kiel Institute for the World Economy.
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- I10 - Health, Education, and Welfare - - Health - - - General
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
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