Journal of Health Economics, vol. 28, pp. 1039 – 1047. (2009).
Autores: Jose María Abellán Perpiñán, Han Bleichrodt, Jose Luis Pinto Prades.
Abstract
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 than expected utility.
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