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... > medicine > clinical medicine > medical decision making > impact or weight or utility of the possible outcomes > chained gamble

... > medicine > clinical medicine > medical decision making > impact or weight or utility of the possible outcomes > chained gamble

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]

Broader concept

impact or weight or utility of the possible outcomes

Belongs to group

concepts

URI

https://concepts.sagepub.com/social-science/concept/chained_gamble

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