Altruistic Preferences in Time Tradeoff

Marieke Krol, Arthur Attema, Job van Exel and Werner Brouwer

Medical Decision Making, 2016, vol. 36, issue 2, 187-198

Abstract: Whether respondents incorporate altruistic preferences in time tradeoff (TTO) exercises remains understudied. We present an extended quality-adjusted life-year model incorporating altruism. We derive that altruism may affect TTO values in 2 directions. First, “longevity altruists†may wish to prolong life for the sake of their loved ones (to avoid being missed). Second, “quality-of-life altruists†may have a preference to avoid bad health states resulting in being a burden to loved ones. The existence and influence of these preferences in a TTO were empirically confirmed in a sample of 1690 respondents from the general public. We classified respondents as “longevity altruists†or “quality-of-life altruists†based on their reasoning behind inclusion of loved ones in their TTO responses. In line with expectations, longevity altruists traded fewer years than quality-of-life altruists. Nonaltruists gave intermediate values.

Keywords: altruism; health state valuations; time tradeoff (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:medema:v:36:y:2016:i:2:p:187-198

DOI: 10.1177/0272989X15615870

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