Transitivity in health utility measurement: An experimental analysis

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Transitivity in health utility measurement: An experimental analysis

Several experimental studies have observed substantial violations of transitivity for 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 for generating violations of t...

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Title Expected utility without full transitivity

We generalize the classical expected-utility criterion by weakening transitivity to Suzumura consistency. In the absence of full transitivity, reflexivity and completeness no longer follow as a consequence of the system of axioms employed and a richer class of rankings of probability distributions results. This class is characterized by means of standard expected-utility axioms in addition to S...

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ژورنال

عنوان ژورنال: Health Economics Review

سال: 2011

ISSN: 2191-1991

DOI: 10.1186/2191-1991-1-12