Loss aversion in EQ-5D-Y-3L: does it explain willingness to trade-off life duration in adult and child perspectives?

This project entailed the collection of (1) cTTO utilities for health states for a 10-year-old child, (2) cTTO utilities for corresponding health states from the perspective of the respondents themselves and (3) loss aversion coefficients for both the child and the adult perspective, among 100 UK adults. The aim of this study was to correct the cTTO utilities for loss aversion (i.e., losses of life duration weighing more than gains of the same size), to see whether this explained reluctance to trade-off life duration for a 10-year-old child.

A read-me file and the R-code have been included in this folder. The full paper was published in the European Journal of Health Economics and can be found here: Loss aversion in EQ-5D-Y-3L: does it explain differences in willingness to trade-off life years in adults and children?