that evening at a small dinner, and on several occasions subsequently. six weeks later, while about to take the rostrum for a lecture at the International Chemotherapy Congress in Vienna, death came suddenly, and apparently without premonition, in harness, and in the midst of many of his friends and
β¦ LIBER β¦
Values and preferences are not necessarily the same
β Scribed by Alan Shiell; Penelope Hawe; Janelle Seymour
- Publisher
- John Wiley and Sons
- Year
- 1997
- Tongue
- English
- Weight
- 26 KB
- Volume
- 6
- Category
- Article
- ISSN
- 1057-9230
No coin nor oath required. For personal study only.
β¦ Synopsis
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.
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