Transitivity in health utility measurement: An experimental analysis
Several 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
Volume (Year): 1 (2011)
Issue (Month): 1 (December)
|Contact details of provider:|| Web page: http://www.springer.com/economics/journal/13561|
|Order Information:||Web: http://link.springer.de/orders.htm|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michael Birnbaum & Ulrich Schmidt, 2008.
"An experimental investigation of violations of transitivity in choice under uncertainty,"
Journal of Risk and Uncertainty,
Springer, vol. 37(1), pages 77-91, August.
- Michael H. Birnbaun & Ulrich Schmidt, 2008. "An Experimental Investigation of Violations of Transitivity in Choice under Uncertainty," Kiel Working Papers 1396, Kiel Institute for the World Economy.
- Starmer, Chris & Sugden, Robert, 1998. "Testing Alternative Explanations of Cyclical Choices," Economica, London School of Economics and Political Science, vol. 65(259), pages 347-61, August.
- Robinson, Angela & Dolan, Paul & Williams, Alan, 1997. "Valuing health status using VAS and TTO: What lies behind the numbers?," Social Science & Medicine, Elsevier, vol. 45(8), pages 1289-1297, October.
- Loomes, Graham & Taylor, Caron, 1992. "Non-transitive Preferences over Gains and Losses," Economic Journal, Royal Economic Society, vol. 102(411), pages 357-65, March.
- Han Bleichrodt & Jose Luis Pinto-Prades, 2007. "A new preference reversal in health utility measurement," Economic Working Papers at Centro de Estudios Andaluces E2007/15, Centro de Estudios Andaluces.
- Chris Starmer, 1999. "Cycling with Rules of Thumb: An Experimental Test for a new form of Non-Transitive Behaviour," Theory and Decision, Springer, vol. 46(2), pages 139-157, April.
- Loomes, Graham & Starmer, Chris & Sugden, Robert, 1989. "Preference Reversal: Information-Processing Effect or Rational Non-transitive Choice?," Economic Journal, Royal Economic Society, vol. 99(395), pages 140-51, Supplemen.
When requesting a correction, please mention this item's handle: RePEc:spr:hecrev:v:1:y:2011:i:1:p:1-4:10.1186/2191-1991-1-12. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.