Attema, Arthur E.; Brouwer, Werner B.F.; l'Haridon, Olivier - Centre de Recherche en Économie et Management (CREM) - 2013
It is well-known that expected utility (EU) has empirical deficiencies. Prospect theory (PT) has developed as an alternative with more descriptive validity. However, PT’s full function had not yet been quantified in the health domain. This paper is therefore the first to simultaneously measure...