Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/4249
Authors: 
Schmidt, Ulrich
Stolpe, Michael
Year of Publication: 
2008
Series/Report no.: 
Kiel Working Paper 1412
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.
Subjects: 
Health utility
Errors
Transitivity
JEL: 
D81
C91
I10
Document Type: 
Working Paper

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