IDEAS home Printed from https://ideas.repec.org/p/zbw/tubsem/20015.html
   My bibliography  Save this paper

Priorities and prospect theory

Author

Listed:
  • Happich, Michael

Abstract

Most would agree that priority setting is necessary to avoid a financial collapse in the health sector. It is much harder to find criteria how to do it. Discussions lead straight to the principles of decision making. But since all theories depend on assumptions given to make them work, debates on the assumption side are open for any kind of critic. This might be a reason hyprefernce-based methods for evaluations of different health states are not as common and popular as they could be. Indeed, it can be shown that results derived by such methods are severly biased by phenomenons which are summarized in a so-called "Prospect Theory". These biases are quite obvious if one compares data of affected and unaffected people. But this theory offers, as well, a way to get results more accurate.

Suggested Citation

  • Happich, Michael, 2001. "Priorities and prospect theory," Discussion Papers 2001/5, Technische Universität Berlin, School of Economics and Management.
    • Handle: RePEc:zbw:tubsem:20015
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/36420/1/329627309.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:tubsem:20015. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/fwtubde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.