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Are patient-regarding preferences stable? Evidence from a laboratory experiment with physicians and medical students from different countries

Jian Wang (), Tor Iversen (), Heike Hennig-Schmidt () and Geir Godager ()
Additional contact information
Jian Wang: Department of Health Management and Health Economics, Postal: HERO / Department of Health Management and Health Economics, P.O. Box 1089 Blindern, NO-0317 Oslo, Norway
Heike Hennig-Schmidt: Department of Health Management and Health Economics, Postal: HERO / Department of Health Management and Health Economics, P.O. Box 1089 Blindern, NO-0317 Oslo, Norway

No 2019:1, HERO Online Working Paper Series from University of Oslo, Health Economics Research Programme

Abstract: We quantify patient-regarding preferences by fitting a bounded rationality model to data from incentivized laboratory experiments, where Chinese medical doctors, German medical students and Chinese medical students participate. We find a remarkable stability in patient-regarding preferences when comparing subject pools and we cannot reject the hypothesis of equal patient regarding preferences in the three groups. The results suggest that health economic experiments can provide knowledge that reach beyond the student subject pool, and that knowledge on preferences of decision-makers in one cultural context can be of relevance for very different cultural contexts.

Keywords: Laboratory experiment; Bounded rationality; Payment mechanism; Physician behavior (search for similar items in EconPapers)
JEL-codes: C92 D82 H40 I11 J33 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2019-04-17
New Economics Papers: this item is included in nep-exp, nep-hea and nep-hrm
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Journal Article: Are patient-regarding preferences stable? Evidence from a laboratory experiment with physicians and medical students from different countries (2020) Downloads
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