Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35114
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dc.contributor.authorNeumann, Einaten_US
dc.contributor.authorNeuman, Shoshanaen_US
dc.date.accessioned2008-06-27en_US
dc.date.accessioned2010-07-07T11:33:46Z-
dc.date.available2010-07-07T11:33:46Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/35114-
dc.description.abstractA Discrete Choice Experiment (DCE) in the health-care sector is used to test the loss aversion theory that is derived from reference-dependent preferences: The absolute subjective value of a deviation from a reference point is generally greater when the deviation represents a loss than when the same-sized change is perceived as a gain. As far as is known, this paper is the first to use a DCE to test the loss aversion theory. A DCE appears to be a highly suitable tool for this testing because it estimates the marginal valuations of attributes, based on deviations from a reference point (a constant scenario). Moreover, loss aversion can be examined for each attribute separately. A DCE can also be applied to non-traded goods with non-tangible attributes. A health-care event is used for empirical illustration: The loss aversion theory is tested within the context of preference structures for maternity-ward attributes, estimated using data entailing 3850 observations from a sample of 542 women who recently gave birth. Seven hypotheses are presented and tested. Overall, significant support for behavioral loss aversion theories was found.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion Papers |x3238en_US
dc.subject.jelD01en_US
dc.subject.ddc360en_US
dc.subject.keywordPreferencesen_US
dc.subject.keywordattributesen_US
dc.subject.keywordloss aversionen_US
dc.subject.keywordreference-dependenceen_US
dc.subject.keyworddiscrete choice experimenten_US
dc.subject.keywordmaternity-wardsen_US
dc.subject.stwGesundheitsversorgungen_US
dc.subject.stwKrankenhausen_US
dc.subject.stwFrauenen_US
dc.subject.stwDienstleistungsqualitäten_US
dc.subject.stwBewertungen_US
dc.subject.stwVergleichen_US
dc.subject.stwUnvollkommene Informationen_US
dc.subject.stwDiskrete Entscheidungen_US
dc.subject.stwIsraelen_US
dc.titleReference-dependent preferences and loss aversion: a discrete choice experiment in the health-care sectoren_US
dc.type|aWorking Paperen_US
dc.identifier.ppn559866445en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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