Transitivity in health utility measurement: An experimental analysis

Ulrich Schmidt and Michael Stolpe

No 1412, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

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: Health utility; Errors; Transitivity (search for similar items in EconPapers)
JEL-codes: C91 D81 I10 (search for similar items in EconPapers)
Date: 2008
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Journal Article: Transitivity in health utility measurement: An experimental analysis (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1412

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