Correcting Biases in Standard Gamble and Time Tradeoff Utilities

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Correcting biases in standard gamble and time tradeoff utilities.

The standard gamble (SG) method and the time tradeoff (TTO) method are commonly used to measure utilities. However, they are distorted by biases due to loss aversion, scale compatibility, utility curvature for life duration, and probability weighting. This article applies corrections for these biases and provides new data on these biases and their corrections. The SG and TTO utilities of 6 rheu...

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Validity of the time trade-off and standard gamble methods of utility assessment in retinal patients.

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ژورنال

عنوان ژورنال: Medical Decision Making

سال: 2004

ISSN: 0272-989X,1552-681X

DOI: 10.1177/0272989x04268955