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Values and preferences are not necessarily the same

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  • Alan Shiell
  • Penelope Hawe
  • Janelle Seymour

Abstract

Economic theory typically draws no distinction between preferences and values, assumes that preferences are stable and complete and that all that need be done to elicit them is to ask the right question in the right way. It is argued here that values for some fundamental aspects of life, such as health, are not the same as preferences. The former are less differentiated and require construction and clarification before they can be elicited. The implications of this for health state valuation are discussed. © 1997 John Wiley & Sons, Ltd.

Suggested Citation

  • Alan Shiell & Penelope Hawe & Janelle Seymour, 1997. "Values and preferences are not necessarily the same," Health Economics, John Wiley & Sons, Ltd., vol. 6(5), pages 515-518, September.
  • Handle: RePEc:wly:hlthec:v:6:y:1997:i:5:p:515-518
    DOI: 10.1002/(SICI)1099-1050(199709)6:5<515::AID-HEC292>3.0.CO;2-N
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    References listed on IDEAS

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    5. Cam Donaldson & Phil Shackley & Mona Abdalla & Zosia Miedzybrodzka, 1995. "Willingness to pay for antenatal carrier screening for cystic fibrosis," Health Economics, John Wiley & Sons, Ltd., vol. 4(6), pages 439-452, November.
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    Cited by:

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    2. Mira Johri & Laura J. Damschroder & Brian J. Zikmund‐Fisher & Peter A. Ubel, 2005. "The importance of age in allocating health care resources: does intervention‐type matter?," Health Economics, John Wiley & Sons, Ltd., vol. 14(7), pages 669-678, July.
    3. Gavin Mooney & Virginia Wiseman, 2000. "Burden of disease and priority setting," Health Economics, John Wiley & Sons, Ltd., vol. 9(5), pages 369-372, July.
    4. Stirling Bryan & Lisa Gold & Rob Sheldon & Martin Buxton, 2000. "Preference measurement using conjoint methods: an empirical investigation of reliability," Health Economics, John Wiley & Sons, Ltd., vol. 9(5), pages 385-395, July.
    5. Mandy Ryan & Fernando San Miguel, 2003. "Revisiting the axiom of completeness in health care," Health Economics, John Wiley & Sons, Ltd., vol. 12(4), pages 295-307, April.
    6. Mark Harrison & Luke Spooner & Nick Bansback & Katherine Milbers & Cheryl Koehn & Kam Shojania & Axel Finckh & Marie Hudson, 2019. "Preventing rheumatoid arthritis: Preferences for and predicted uptake of preventive treatments among high risk individuals," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-15, April.
    7. Abelson, Julia & Giacomini, Mita & Lehoux, Pascale & Gauvin, Francois-Pierre, 2007. "Bringing `the public' into health technology assessment and coverage policy decisions: From principles to practice," Health Policy, Elsevier, vol. 82(1), pages 37-50, June.
    8. Emily Lancsar & Jordan Louviere, 2006. "Deleting ‘irrational’ responses from discrete choice experiments: a case of investigating or imposing preferences?," Health Economics, John Wiley & Sons, Ltd., vol. 15(8), pages 797-811, August.
    9. Nilgen, Marco & Rode, Julian & Vorlaufer, Tobias & Vollan, Björn, 2024. "Measuring non-use values to proxy conservation preferences and policy impacts," Ecosystem Services, Elsevier, vol. 67(C).
    10. 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.

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