Present bias and health

Yang Wang () and Frank Sloan
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Yang Wang: University of Wisconsin-Madison

Journal of Risk and Uncertainty, 2018, vol. 57, issue 2, No 4, 177-198

Abstract: Abstract This study uses a dynamic discrete choice model to examine the degree of present bias and naivete about present bias in individuals’ health care decisions. Clinical guidelines exist for several common chronic diseases. Although the empirical evidence for some guidelines is strong, many individuals with these diseases do not follow the guidelines. Using persons with diabetes as a case study, we find evidence of substantial present bias and naivete. Counterfactual simulations indicate the importance of present bias and naivete in explaining low adherence rates to health care guidelines.

Keywords: Hyperbolic discounting; Present bias; Naivete; Time preference; Diabetes; Adherence; I12; D90 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (19)

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DOI: 10.1007/s11166-018-9289-z

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