Format

Send to

Choose Destination
See comment in PubMed Commons below
Med Decis Making. 1999 Jul-Sep;19(3):344-52.

Health values and prospect theory.

Author information

1
Center for Biomedical Ethics, Stanford University Medical Center, Palo Alto, California 94304, USA. jrt@leland.stanford.edu

Abstract

Health values are important components of medical decisions. Experimental data suggest that people value health in complex and dynamic ways. Prospect theory is a descriptive theory of choice that may accurately characterize how people assign values to health states. The authors first provide background on prospect theory and how it can be applied to health values. Next, they review the relevant health research and find mixed support for prospect theory. Last, they discuss implications of prospect theory for cost-effectiveness analysis. The application of prospect theory to health deserves further research because it may help clarify the link between health and values.

Comment in

PMID:
10424841
DOI:
10.1177/0272989X9901900313
[Indexed for MEDLINE]
PubMed Commons home

PubMed Commons

0 comments
How to join PubMed Commons

    Supplemental Content

    Full text links

    Icon for Atypon
    Loading ...
    Support Center