Is risk attitude outcome specific within the health domain?
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.
van der Pol
Marjon
M
Health Economics Research Unit, University of Aberdeen, Foresterhill, Polwarth Building, Aberdeen AB 25 2ZD, United Kingdom. m.vanderpol@abdn.ac.uk
Ruggeri
Matteo
M
D001290:Attitude; D003625:Data Collection; D005260:Female; D006304:Health Status; D006801:Humans; D008297:Male; D015999:Multivariate Analysis; D017060:Patient Satisfaction; D011788:Quality of Life; D019057:Quality-Adjusted Life Years; D012044:Regression Analysis; D012306:Risk; D012309:Risk-Taking; D011795:Surveys and Questionnaires