Article
Economics
Samare P. I. Huls, Jorien Veldwijk, Joffre D. Swait, Jennifer Viberg Johansson, Mirko Ancillotti, Esther W. de Bekker-Grob
Summary: The study did not find evidence that health-risk attitude can distinguish between classes, but it did find that it can differentiate people's preferences for risk attributes within classes. Additionally, numeracy and health literacy were found to distinguish between classes.
Article
Public, Environmental & Occupational Health
K. D. Valentine, Victoria A. Shaffer, Brett Hauber
Summary: The study aimed to compare the results of three preference elicitation methods for a cancer screening test. The findings showed that the two methods yielded different preference estimates and could not predict patients' preferences for the screening test. Therefore, clinicians, patients, policy makers, and researchers should consider the sensitivity of the method when determining patient preferences.
PATIENT EDUCATION AND COUNSELING
(2023)
Article
Economics
Sebastian Neumann-Bohme, Stefan A. Lipman, Werner B. F. Brouwer, Arthur E. Attema
Summary: The study examined preference reversals that may occur when eliciting preferences using different methods, finding that medical students were more likely to exhibit preference reversals in the health domain. Familiarity with a specific domain reduced the likelihood of preference reversals, and using clearer valuation procedures was identified as a promising approach to reduce preference reversals.
EUROPEAN JOURNAL OF HEALTH ECONOMICS
(2021)
Article
Economics
Aldo Montesano
Summary: Economics applies choice theory to analyze human behavior through preference ordering and utility functions under both certain and uncertain decision-making circumstances, while recognizing that rationality of the decision-maker may not align with the rationality of the theory.
THEORY AND DECISION
(2022)
Article
Public, Environmental & Occupational Health
Donna Rowen, Philip A. A. Powell, Arne Risa Hole, Maria-Jose Aragon, Adriana Castelli, Rowena Jacobs
Summary: This study uses a discrete choice experiment to determine the relative importance of different aspects of mental healthcare quality to different stakeholders. The results show that being treated with dignity and respect is highly important across all stakeholders. A coordinated approach is important to all stakeholders, while communication is more important to healthcare professionals and service users, and ease of access is more important to the general population.
SOCIAL SCIENCE & MEDICINE
(2022)
Article
Mathematics, Applied
William B. Haskell, Huifu Xu, Wenjie Huang
Summary: This paper investigates decision-making problems with ambiguous utility/risk preferences and proposes a robust choice function model. By introducing a set of choice functions, the optimal decision is derived based on the robust choice function elicited from available information. The robust choice functions are evaluated by characterizing the quasiconcave envelope of a set of points and two numerical methods are proposed to solve the decision problem.
SIAM JOURNAL ON OPTIMIZATION
(2022)
Article
Economics
Ambuj Sriwastava, Peter Reichert
Summary: Discrete choice methods are a convenient approach for preference elicitation, while indifference elicitation has not been widely applied in statistical analysis frameworks. We develop a hierarchical probabilistic model for indifference elicitation that allows for Bayesian inference. Our empirical case studies demonstrate the feasibility of the approach and the reduction in uncertainty and required number of replies compared to discrete choice methods, but also show an increase in time needed for indifference replies.
JOURNAL OF CHOICE MODELLING
(2023)
Article
Mathematics, Interdisciplinary Applications
Sijing Yang, Jing Cui
Summary: The study found that factors such as ownership concentration, date of establishment, and asset size significantly influence the selection of investment objects by government guiding funds, while factors such as operating profit ratio and investment interests are closely related to the preferences of government guiding funds.
DISCRETE DYNAMICS IN NATURE AND SOCIETY
(2021)
Article
Business
Xinyu Cao, Juanjuan Zhang
Summary: Understanding consumer preferences is crucial for new product management, but can be challenging without actual sales data. This study proposes a cost-effective solution by regulating people's preference-learning incentives using realization probability, allowing for demand forecasting with inexpensive choice data. Large-scale field experiments support the theory and demonstrate the method's predictive validity and cost-effectiveness.
Article
Economics
Quentin F. Gronau, Murray S. Bennett, Scott D. Brown, Guy E. Hawkins, Ami Eidels
Summary: Discrete choice and rating scale experiments are commonly used methods for obtaining preference judgments. It is generally assumed that these methods have a common representation of preferences, but this assumption is difficult to test. In our perceptual discrimination experiment, we found evidence supporting the assumption of a common representation, and also suggested that the choice task method may provide more sensitive measurements of internal states than the rating scale method.
JOURNAL OF CHOICE MODELLING
(2023)
Article
Health Care Sciences & Services
Hei Hang Edmund Yiu, Hareth Al-Janabi, Sarah Stewart-Brown, Stavros Petrou, Jason Madan
Summary: Cognitive interviews were conducted in the UK to identify patterns and problems in completing C-TTO and DCE exercises for the valuation of SWEMWBS. While participants found the tasks generally manageable, five broad themes emerged to explain and optimize the response to the tasks.
QUALITY OF LIFE RESEARCH
(2022)
Article
Psychology, Experimental
Vania Moreira Costa, Nuno A. De Sa Teixeira, Ana Cordeiro Santos, Eduardo Santos
Summary: This study aims to investigate the impact of numeracy and financial literacy on financial decision-making. The results suggest that numeracy promotes choices closer to economic rationality, while financial literacy may amplify cognitive biases. These outcomes are interpreted in the context of dual-process theories.
PSYCHOLOGICAL RESEARCH-PSYCHOLOGISCHE FORSCHUNG
(2021)
Article
Public, Environmental & Occupational Health
Rebecca Schoon, Chunhuei Chi
Summary: All health systems face the challenge of limited resources to meet the unlimited needs for healthcare. National health insurance systems require policymakers to make explicit decisions on resource allocation, taking into account public values. However, research on measuring public preferences is still underdeveloped due to the complexity of these decisions. This paper proposes combining the Discrete Choice Experiment (DCE) and Citizen Juries (CJs) methods to measure public preferences and discusses methodological issues in the integration of these methods.
SOCIAL SCIENCE & MEDICINE
(2022)
Article
Public, Environmental & Occupational Health
Rebecca Schoon, Chunhuei Chi, Tsai-Ching Liu
Summary: Priority setting is crucial for healthcare systems to allocate limited resources to unlimited healthcare demands. This study explores an integrated method that combines individual survey instruments with group-based models to engage the public in priority setting. The results show that this integrated CJ-DCE method allows for the development of communal values and captures them through an individualistic methodology.
SOCIAL SCIENCE & MEDICINE
(2022)
Article
Health Care Sciences & Services
Patrizio Armeni, Michela Meregaglia, Ludovica Borsoi, Giuditta Callea, Aleksandra Torbica, Francesco Benazzo, Rosanna Tarricone
Summary: This study aims to identify the most important factors in the choice of new high-cost medical devices based on physicians' preferences. The results show that different preference elicitation methods can lead to different results, with BWS being more affected by response biases and DCE providing more insights into true preferences.
MEDICAL DECISION MAKING
(2023)
Article
Agricultural Economics & Policy
Sylvester O. O. Ogutu, Jonathan Mockshell, James Garrett, Ricardo Labarta, Thea Ritter, Edward Martey, Nedumaran Swamikannu, Elisabetta Gotor, Carolina Gonzalez
Summary: Home gardens have a positive impact on household food security, dietary quality of men and women, and income gains among vulnerable farming population groups. However, they may not be sufficient to improve child dietary quality and anthropometry. Richer farmers benefit more from home gardens than poorer farmers.
JOURNAL OF AGRICULTURAL ECONOMICS
(2023)