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Risk and choice: A research saga
Gollier, Christian; Hammitt, James; Treich, Nicolas - In: Journal of Risk and Uncertainty 47 (2013) 2, pp. 129-145
The economic theory of decision making under risk has seen remarkable advances over the 50 years since Pratt’s (1964 …
Persistent link: https://www.econbiz.de/10010987821
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Admissible utility functions for health, longevity, and wealth: integrating monetary and life-year measures
Hammitt, James - In: Journal of Risk and Uncertainty 47 (2013) 3, pp. 311-325
consistent with economic welfare theory and that the benefit of a health improvement cannot be calculated by multiplying the …
Persistent link: https://www.econbiz.de/10010863421