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DETERMINANTS OF PREPAID SYSTEMS OF HEALTHCARE FINANCING - A WORLDWIDE COUNTRY-LEVEL PERSPECTIVE

Michael Razen (), Michael Kirchler () and Utz Weitzel

Working Papers from Faculty of Economics and Statistics, University of Innsbruck

Abstract: Risk-assessment and risk-taking in various forms are among the most important tasks fi- nancial professionals face in their daily work. A large body of experimental studies has shown a substantial effect of the decision domain (gain vs loss domain) on risk-taking, predomi- nantly among students. In a series of experiments set in different contextual frameworks, we investigate whether this domain effect is also present among experienced finance profession- als and compare their decisions with people from the general population. Our results show that employees in the finance industry are equally prone to the domain effect in risk-taking than the general population. Interestingly, for domain-specific risk-taking in a finance con- text, we find that professionals are more reluctant to sell loser stocks than non-professionals.

Keywords: Health care financing; prepaid health care financing systems; out-of-pocket payments; panel data analysis (search for similar items in EconPapers)
JEL-codes: C91 C93 D81 G41 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2019-12
New Economics Papers: this item is included in nep-exp
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Persistent link: https://EconPapers.repec.org/RePEc:inn:wpaper:2019-12

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