The veil of experience: do consumers prefer what they know best?

G. Salkeld, M. Ryan and L. Short

Health Economics, 2000, vol. 9, issue 3, 267-270

Abstract: There is growing interest from health policy makers in eliciting consumer preferences for health care services. This is particularly the case when assessing the likely impact of innovations. Some people may be wary of innovations because they prefer the service they have previously experienced. Consumer preferences for an existing and a hypothetical new bowel cancer testing programme were measured using a discrete choice experiment questionnaire. The results showed that consumers had a statistically significant preference for the existing service (status quo) when all other factors remained constant. It suggested that consumers make decisions under a ‘veil of experience’. Possible explanations for this result include the endowment effect, status quo bias and loss aversion. Future evaluations of health service innovation should be aware of this tendency to favour the status quo. Copyright © 2000 John Wiley & Sons, Ltd.

Date: 2000
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https://doi.org/10.1002/(SICI)1099-1050(200004)9:33.0.CO;2-H

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Persistent link: https://EconPapers.repec.org/RePEc:wly:hlthec:v:9:y:2000:i:3:p:267-270

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