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dc.contributor.authorNeumann, Einaten
dc.contributor.authorNeuman, Shoshanaen
dc.date.accessioned2008-06-27-
dc.date.accessioned2010-07-07T11:33:46Z-
dc.date.available2010-07-07T11:33:46Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3238en
dc.subject.jelD01en
dc.subject.ddc360en
dc.subject.keywordPreferencesen
dc.subject.keywordattributesen
dc.subject.keywordloss aversionen
dc.subject.keywordreference-dependenceen
dc.subject.keyworddiscrete choice experimenten
dc.subject.keywordmaternity-wardsen
dc.subject.stwGesundheitsversorgungen
dc.subject.stwKrankenhausen
dc.subject.stwFrauenen
dc.subject.stwDienstleistungsqualitäten
dc.subject.stwBewertungen
dc.subject.stwVergleichen
dc.subject.stwUnvollkommene Informationen
dc.subject.stwDiskrete Entscheidungen
dc.subject.stwIsraelen
dc.titleReference-dependent preferences and loss aversion: a discrete choice experiment in the health-care sector-
dc.type|aWorking Paperen
dc.identifier.ppn559866445en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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