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 language | English |
|---|---|
| Pages (from-to) | 706-717 |
| Number of pages | 12 |
| Journal | Journal of Health Economics |
| Volume | 27 |
| Publication status | Published - 2008 |
Keywords
- preferences
- risk