Ontology highlight
ABSTRACT:
SUBMITTER: Attema AE
PROVIDER: S-EPMC6221042 | biostudies-literature | 2018 Nov
REPOSITORIES: biostudies-literature
Attema Arthur E AE Bleichrodt Han H L'Haridon Olivier O
Health economics 20180703 11
In most medical decisions, probabilities are ambiguous and not objectively known. Empirical evidence suggests that people's preferences are affected by ambiguity. Health economic analyses generally ignore ambiguity preferences and assume that they are the same as preferences under risk. We show how health preferences can be measured under ambiguity, and we compare them with health preferences under risk. We assume a general ambiguity model that includes many of the ambiguity models that have bee ...[more]