Emotions and decision rules in discrete choice experiments for valuing health care programmes for the elderly.

TL;DR: In this article, the authors propose a discrete choice model to examine the behavior of individuals with indifference thresholds, i.e. that would make them perceive two or more alternatives as almost identical in stated choice (SC) experiments.

TL;DR: This article argues that differences in utility specification across respondents may in fact extend to respondents within a single dataset, and accommodates these differences in a latent class model, where individual classes make use of different underlying paradigms.

TL;DR: The findings from this study suggest that Australian consumers prefer to share their health data when there is government oversight, and have concerns about sharing their anonymised health data for clinical practice, health policy or research purposes unless clarity is provided pertaining to its intended purpose, limitations of use and restrictions to access.

TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.

TL;DR: Prospect Theory as mentioned in this paper is an alternative theory of individual decision making under risk, developed for simple prospects with monetary outcomes and stated probabilities, in which value is given to gains and losses (i.e., changes in wealth or welfare) rather than to final assets, and probabilities are replaced by decision weights.

TL;DR: In this article, a model for the description of rational choice by organisms of limited computational ability is proposed, and the model is used to describe rational choice in organisms with limited computational abilities.