Journal article
A test of prospect theory
Abstract
OBJECTIVES: Prospect theory (PT) hypothesizes that people judge states relative to a reference point, usually assumed to be their current health. States better than the reference point are valued on a concave portion of the utility function; worse states are valued on a convex portion. Using prospectively collected utility scores, the objective is to test empirically implications of PT.
METHODS: Osteoarthritis (OA) patients undergoing total hip …
Authors
Feeny D; Eng K
Journal
International Journal of Technology Assessment in Health Care, Vol. 21, No. 4, pp. 511–516
Publisher
Cambridge University Press (CUP)
Publication Date
October 2005
DOI
10.1017/s0266462305050713
ISSN
0266-4623