Is risk attitude outcome specific within the health domain?

Marjon Pol van der, Matteo Ruggeri

Research output: Contribution to journalArticle

23 Citations (Scopus)

Abstract

The aim of this study is to examine whether individuals’ risk attitude for life years differ from their risk attitude for quality of life. The study also investigates two different framing effects, an order and sequence effect, and the interaction between risk attitude and time preferences. The results showed that individuals tended to be risk averse with respect to the gamble involving risk of immediate death and risk seeking with respect to the other health gambles. Varying the order of the questions or the sequence of full health and ill-health did not seem to systematically bias the estimates.

Original languageEnglish
Pages (from-to)706-717
Number of pages12
JournalJournal of Health Economics
Volume27
Issue number3
Early online date29 Nov 2007
DOIs
Publication statusPublished - May 2008

Keywords

  • risk attitude
  • framing effects
  • intertemporal choice
  • health

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