Abellan-Perpiñan, Jose Maria; Bleichrodt, Han; … - In: Journal of Health Economics 28 (2009) 6, pp. 1039-1047
Most health care evaluations today still assume expected utility even though the descriptive deficiencies of expected utility are well known. Prospect theory is the dominant descriptive alternative for expected utility. This paper tests whether prospect theory leads to better health evaluations...