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Can we assume that research participants are utility maximisers?

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  • Gethin Griffith
  • Val Morrison
  • J. Williams
  • Rhiannon Edwards

Abstract

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Suggested Citation

  • Gethin Griffith & Val Morrison & J. Williams & Rhiannon Edwards, 2009. "Can we assume that research participants are utility maximisers?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 10(2), pages 187-196, May.
    • Handle: RePEc:spr:eujhec:v:10:y:2009:i:2:p:187-196
    DOI: 10.1007/s10198-008-0118-1
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    References listed on IDEAS

    as
    1. Schoemaker, Paul J H, 1982. "The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations," Journal of Economic Literature, American Economic Association, vol. 20(2), pages 529-563, June.
    2. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    3. David E. Bell, 1982. "Regret in Decision Making under Uncertainty," Operations Research, INFORMS, vol. 30(5), pages 961-981, October.
    4. Scott, Anthony, 2002. "Identifying and analysing dominant preferences in discrete choice experiments: An application in health care," Journal of Economic Psychology, Elsevier, vol. 23(3), pages 383-398, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Utility maximisation; Experiment; University; I1;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health

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