TY  - JOUR
PY  - 2008//
TI  - Interpretations of utility and their implications for the valuation of health
JO  - Economic journal
A1  - Dolan, Paul
A1  - Kahneman, Daniel
SP  - 215
EP  - 234
VL  - 118
IS  - 525
N2  - The term 'utility' can be interpreted in terms of the hedonic experience of an outcome (experienced utility) or in terms of the preference or desire for that outcome (decision utility). It is this second interpretation that lies at the heart of the methods that economists have developed to value non-market goods, such as health. In this article, we argue that decision utility is unlikely to generate meaningful data on the utility associated with different experiences, and instead economists should look towards developing measures that focus more directly on experienced utility.<p /> <p>Language: en</p>
LA  - en
SN  - 0013-0133
UR  - http://dx.doi.org/
ID  - ref1
ER  -