alternative with more descriptive validity. However, PT’s full function had not yet been quantified in the health domain. This … paper is the first to simultaneously measure utility of life duration, probability weighting, and loss aversion for health … health-related decisions. …

The Time Tradeoff (TTO) method is a popular method for valuing health state utilities and is frequently used in … the failure to incorporate time discounting. This paper aims to measure time discounting for health outcomes in a sample … representative for the general population. In particular, we estimate TTO scores alongside time discounting in order to derive a set …

The time tradeoff (TTO) method is popular in medical decision making for valuing health states. We use it to elicit …

alternative approach to value WTP for health, making use of trade-offs between income and lifetime or quality of life. We apply … over health and income. We report several interesting results. First, the data are highly skewed, but if we trim the 5 … health and money, which is consistent with assumptions from prospect theory. Finally, our results also indicate that …

This paper is the first to apply prospect theory to societal health-related decision making. In particular, we allow …