The implications of linking questions within the SG and TTO methods.
We consider the impact of introducing intermediate stages, chained together, into the standard gamble (SG) and time trade-off (TTO) methods. Less is known about the impact of intermediate stages, chained together, in the TTO method. We broadly replicate the patterns of responses observed in other SG studies which have been accounted for by loss aversion. We find that the TTO responses do not replicate the patterns found in the SG responses. The results support the notion that additional issues arise in the TTO method that counteract loss aversion.
Department of Economics, Queen Mary, University of London, Mile End Road, London E1 4NS, UK. a.e.spencer@qmul.ac.uk
Anne
A
Spencer
D000328:Adult; D003657:Decision Making; D005260:Female; D006302:Health Services Research / Q000379:methods*; D006801:Humans; D008297:Male; D008875:Middle Aged; D015233:Models, Statistical; D011336:Probability; D011788:Quality of Life; D011795:Surveys and Questionnaires