Transitivity in Health Utility Measurement: An Experimental Analysis

Ulrich Schmidt and Michael Stolpe ()

Kiel Working Papers from Kiel Institute for the World Economy

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

Keywords: Transitivity; Health utility; Errors (search for similar items in EconPapers)
JEL-codes: D81 I10 C91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp, nep-hea and nep-upt
Date: 2008-03
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Persistent link: http://EconPapers.repec.org/RePEc:kie:kieliw:1412

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