Health Values and Prospect Theory: A Comment

In a recent volume of Medical Decision Making, Treadwell and Lenert stated that under prospect theory, community members compared with patients underestimate the utility of health improvements. In this comment, the authors show that this statement holds only for a subset of possible preference funct...

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Veröffentlicht in:	Medical decision making 2001-01, Vol.21 (1), p.57-59
Hauptverfasser:	Stratmann-Schoene, Diana, Klose, Thomas
Format:	Artikel
Sprache:	eng
Schlagworte:	Attitude to Health Decision Theory Health Knowledge, Attitudes, Practice Health Status Humans
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description	In a recent volume of Medical Decision Making, Treadwell and Lenert stated that under prospect theory, community members compared with patients underestimate the utility of health improvements. In this comment, the authors show that this statement holds only for a subset of possible preference functions. Furthermore, the authors provide arguments that, in general, the rater’s current health state is not the appropriate reference level if applying prospect theory to health valuations.
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subjects	Attitude to Health Decision Theory Health Knowledge, Attitudes, Practice Health Status Humans
title	Health Values and Prospect Theory: A Comment
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