Doctor–patient differences in risk and time preferences: A field experiment

B-Tier
Journal: Journal of Health Economics
Year: 2016
Volume: 50
Issue: C
Pages: 171-182

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We conduct a framed field experiment among patients and doctors to test whether the two groups have similar risk and time preferences. We elicit risk and time preferences using multiple price list tests and their adaptations to the healthcare context. Risk and time preferences are compared in terms of switching points in the tests and the structurally estimated behavioural parameters. We find that doctors and patients significantly differ in their time preferences: doctors discount future outcomes less heavily than patients. We find no evidence that doctors and patients systematically differ in their risk preferences in the healthcare domain.

Technical Details

RePEc Handle
repec:eee:jhecon:v:50:y:2016:i:c:p:171-182
Journal Field
Health
Author Count
4
Added to Database
2026-01-25