Patients' Perceptions and Treatment Effectiveness

Sean Murphy, Robert Rosenman, Jonathan Keith Yoder () and Dan Friesner ()
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Dan Friesner: School of Economic Sciences, Washington State University

No 2008-19, Working Papers from School of Economic Sciences, Washington State University

Abstract: An extensive literature relating patients’ expectations to treatment outcomes has not addressed the determinants of these expectations. We argue that treatment history is part of a reference point that influences patients’ expectations of how effective further treatment might be, thus influencing whether to proceed with additional treatment or not. We hypothesize that those patients with unsuccessful prior treatments have diminished expected improvement from subsequent treatments. Prospect theory provides a theoretical foundation for reference frame effects, and the model is tested with data on patients diagnosed with idiopathic intracranial hypertension. Our results support the reference frame hypothesis.

Keywords: Prospect Theory; Treatment Outcomes; Treatment History; Misclassification; Monotone Rank Estimator (search for similar items in EconPapers)
JEL-codes: C14 C25 I12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hea
Date: 2008-09
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