𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The utility of gambling.

✍ Scribed by J. Conlisk


Book ID
107918953
Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
206 KB
Volume
13
Category
Article
ISSN
0167-6687

No coin nor oath required. For personal study only.


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## Abstract Health effects for cost‐effectiveness analysis are best measured in life years, with quality of life in each life year expressed in terms of utilities. The standard gamble (SG) has been the gold standard for utility measurement. However, the biases of probability weighting, loss aversio