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Concept information

Preferred term

chained gamble  

Definition

  • Chaining (also called indirect linking) as used in the expression chained gamble or chained lottery is best conceived of as a strategy of adjusting preference measurement used within preference elicitation techniques such as the standard gamble and time tradeoff methodologies. The approach of chaining gambles (or chaining lotteries) has been offered as a solution to the problem of within-technique inconsistency found with real-world use and testing of the standard gamble as a preference elicitation methodology in economic and medical decision making. [Source: Encyclopedia of Medical Decision Making; Chained Gamble]

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URI

http://data.loterre.fr/ark:/67375/N9J-RFTJZ5HT-8

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