Kiel Working Papers, Kiel Institute for World Economics
No 1412:
Transitivity in Health Utility Measurement: An Experimental Analysis
Ulrich Schmidt and Michael Stolpe
Abstract: Several experimental studies observed substantial
violations of transitivity in decisions between risky lotteries over
monetary outcomes. The goal of our experiment is to test whether these
violations also affect the evaluation of health states. A particular
feature of our experimental design is that it takes into account the
possible role of decision errors in generating violations of transitivity.
Since we find neither substantial nor systematic deviations from transitive
choice behaviour, we can conclude that previously reported violations do
not seem to bias health utility measurement
Keywords: Transitivity, Health utility, Errors; (follow links to similar papers)
JEL-Codes: D81,; I10,; C91; (follow links to similar papers)
10 pages, March 2008
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