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Uncertainty aversion: a discussion of critical issues in health economics

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Author Info

  • Peter P. Wakker

    (Department of Medical Decision Making, LUMC, Leiden, Netherlands)

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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Health Economics.

Volume (Year): 9 (2000)
Issue (Month): 3 ()
Pages: 261-263

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Handle: RePEc:wly:hlthec:v:9:y:2000:i:3:p:261-263

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Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/5749

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References

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  1. Fox, Craig R & Tversky, Amos, 1995. "Ambiguity Aversion and Comparative Ignorance," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 585-603, August.
  2. Adam Oliver, 2000. "Uncertainty aversion: a reply to the paper by Andersson and Lyttkens," Health Economics, John Wiley & Sons, Ltd., vol. 9(3), pages 253-255.
  3. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March.
  4. George Wu & Richard Gonzalez, 1999. "Nonlinear Decision Weights in Choice Under Uncertainty," Management Science, INFORMS, vol. 45(1), pages 74-85, January.
  5. Fredrik Andersson & Carl Hampus Lyttkens, 1999. "Preferences for equity in health behind a veil of ignorance," Health Economics, John Wiley & Sons, Ltd., vol. 8(5), pages 369-378.
  6. Tversky, Amos & Kahneman, Daniel, 1992. " Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
  7. Fennema, Hein & Wakker, Peter, 1996. "A Test of Rank-Dependent Utility in the Context of Ambiguity," Journal of Risk and Uncertainty, Springer, vol. 13(1), pages 19-35, July.
  8. Epstein, Larry G, 1999. "A Definition of Uncertainty Aversion," Review of Economic Studies, Wiley Blackwell, vol. 66(3), pages 579-608, July.
  9. David Schmeidler, 1989. "Subjective Probability and Expected Utility without Additivity," Levine's Working Paper Archive 7662, David K. Levine.
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Cited by:
  1. Qiu, Jianying & Weitzel, Utz, 2011. "Reference dependent ambiguity aversion: theory and experiment," MPRA Paper 35289, University Library of Munich, Germany, revised 08 Dec 2011.
  2. Takao Asano & Akihisa Shibata, 2010. "Risk and Uncertainty in Health Investment," KIER Working Papers 696, Kyoto University, Institute of Economic Research.

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