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Do Individuals Make Sensible Health Insurance Decisions? Evidence from a Menu with Dominated Options
16 references·16 citing·39 second hopsampled
Do Individuals Make Sensible Health Insurance Decisions? Evidence from a Menu with Dominated Options (2015)Do Individuals Make Sensible Health Insur…Choice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program: Reply (2016)Choice Inconsistencies among …Risk aversion and expected-utility theory: A calibration theorem (2013)Risk aversion and expected-ut…Adverse Selection and Inertia in Health Insurance Markets: When Nudging Hurts (2013)Adverse Selection and Inertia…Salience Theory of Choice Under Risk (2012)Salience Theory of Choice Und…Estimating Welfare in Insurance Markets Using Variation in Prices * (2010)Estimating Welfare in Insuran…Psychology and Economics: Evidence from the Field (2009)Psychology and Economics: Evi…Sources of Advantageous Selection: Evidence from the Medigap Insurance Market (2008)Sources of Advantageous Selec…Nudge: improving decisions about health, wealth, and happiness (2008)Nudge: improving decisions ab…Nudge: Improving Decisions About Health, Wealth and Happiness (2008)Nudge: Improving Decisions Ab…Reference-Dependent Risk Attitudes (2007)Reference-Dependent Risk Atti…Contract Design and Self-Control: Theory and Evidence (2004)Contract Design and Self-Cont…Risk Aversion and Expected-utility Theory: A Calibration Theorem (2000)Risk Aversion and Expected-ut…The Red and the Black: Mental Accounting of Savings and Debt (1998)The Red and the Black: Mental…Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information (1976)Equilibrium in Competitive In…Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information (1976)Equilibrium in Competitive In…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…Picture this: Making health insurance choices easier for those who need it (2024)Picture this: Making health i…Bridging the gap: Experimental evidence on information provision and health insurance choices (2024)Bridging the gap: Experimenta…Take up (2023)Take upProspect theory and insurance demand: Empirical evidence on the role of loss aversion (2021)Prospect theory and insurance…Medical Decision Making (2020)Medical Decision MakingBehavioral Welfare Economics (2020)Behavioral Welfare EconomicsMore intelligent designs: Comparing the effectiveness of choice architectures in US health insurance marketplaces (2019)More intelligent designs: Com…Do Quasi-Hyperbolic Preferences Explain Academic Procrastination? An Empirical Evaluation (2019)Do Quasi-Hyperbolic Preferenc…Information Frictions and Adverse Selection: Policy Interventions in Health Insurance Markets (2018)Information Frictions and Adv…What does a Deductible Do? The Impact of Cost-Sharing on Health Care Prices, Quantities, and Spending Dynamics* (2017)What does a Deductible Do? Th…Health insurance choice and risk preferences under cumulative prospect theory – an experiment (2017)Health insurance choice and r…Applying Behavioral Insights in Policy Analysis: Recent Trends in the United States (2017)Applying Behavioral Insights …How product standardization affects choice: Evidence from the Massachusetts Health Insurance Exchange (2016)How product standardization a…YOLO: Mortality Beliefs and Household Finance Puzzles (2015)YOLO: Mortality Beliefs and H…Nudges Do Not Undermine Human Agency: A Note (2015)Nudges Do Not Undermine Human…Bridging the divide between behavioral science & policy (2015)Bridging the divide between b…Prospect Theory: An Analysis of Decision under Risk (1979)Choices, values, and frames. (1984)Prospect theory: An analysis of decision under risk (1988)Reference Points and Effort Provision (2011)Thirty Years of Prospect Theory in Economics: A Review and Assessment (2013)Toward a positive theory of consumer choice (1980)Mental Accounting and Consumer Choice (1985)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Emotions in Economic Theory and Economic Behavior (2000)Projection Bias in Predicting Future Utility (2003)Paying Not to Go to the Gym (2006)Judgment under Uncertainty: Heuristics and Biases (1974)What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World? (2007)Salience and Taxation: Theory and Evidence (2009)A Theory of Rational Addiction (1988)Golden Eggs and Hyperbolic Discounting (1997)Doing It Now or Later (1999)A Dual-Self Model of Impulse Control (2006)Investor Inattention and Friday Earnings Announcements (2009)Spousal Control and Intra-Household Decision Making: An Experimental Study in the Philippines (2009)Essays in the Theory of Risk-Bearing. (1972)Job Market Signaling (1973)The Economics of Caste and of the Rat Race and Other Woeful Tales (1976)Health insurance and the demand for medical care: evidence from a randomized experiment. (1987)Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough? (2000)Signaling in Retrospect and the Informational Structure of Markets (2002)The Framing of Decisions and the Psychology of Choice (1981)Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows (2017)Human Decisions and Machine Predictions (2017)The behaviour change wheel: A new method for characterising and designing behaviour change interventions (2011)Poverty Impedes Cognitive Function (2013)Using social and behavioural science to support COVID-19 pandemic response (2020)The Evolution of Cooperation (1981)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation (1991)Risk Aversion and Incentive Effects (2002)Cognitive Reflection and Decision Making (2005)A gradient of childhood self-control predicts health, wealth, and public safety (2011)Misinformation and Its Correction (2012)
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References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 2008Nudge: improving decisions about health, wealth, and happiness11,572 cited
  • 2008Nudge: Improving Decisions About Health, Wealth and Happiness5,544 cited
  • 1976Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information4,984 cited
  • 2009Psychology and Economics: Evidence from the Field2,406 cited
  • 2000Risk Aversion and Expected-utility Theory: A Calibration Theorem1,623 cited
  • 1998The Red and the Black: Mental Accounting of Savings and Debt1,376 cited
  • 2012Salience Theory of Choice Under Risk1,309 cited
  • 2007Reference-Dependent Risk Attitudes1,028 cited
  • 2004Contract Design and Self-Control: Theory and Evidence768 cited
  • 2013Adverse Selection and Inertia in Health Insurance Markets: When Nudging Hurts705 cited
  • 2013Risk aversion and expected-utility theory: A calibration theorem692 cited
  • 2016Choice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program: Reply539 cited
  • 1976Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information500 cited
  • 2008Sources of Advantageous Selection: Evidence from the Medigap Insurance Market

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493 cited
  • 2010Estimating Welfare in Insurance Markets Using Variation in Prices *453 cited
  • Cited by

    • 2017What does a Deductible Do? The Impact of Cost-Sharing on Health Care Prices, Quantities, and Spending Dynamics*417 cited
    • 2018Information Frictions and Adverse Selection: Policy Interventions in Health Insurance Markets83 cited
    • 2016How product standardization affects choice: Evidence from the Massachusetts Health Insurance Exchange74 cited
    • 2017Health insurance choice and risk preferences under cumulative prospect theory – an experiment59 cited
    • 2015YOLO: Mortality Beliefs and Household Finance Puzzles54 cited
    • 2020Medical Decision Making46 cited
    • 2021Prospect theory and insurance demand: Empirical evidence on the role of loss aversion45 cited
    • 2017Applying Behavioral Insights in Policy Analysis: Recent Trends in the United States44 cited
    • 2015Nudges Do Not Undermine Human Agency: A Note34 cited
    • 2020Behavioral Welfare Economics23 cited
    • 2019More intelligent designs: Comparing the effectiveness of choice architectures in US health insurance marketplaces9 cited
    • 2023Take up7 cited
    • 2024Picture this: Making health insurance choices easier for those who need it6 cited
    • 2015Bridging the divide between behavioral science & policy6 cited
    • 2024Bridging the gap: Experimental evidence on information provision and health insurance choices5 cited
    • 2019Do Quasi-Hyperbolic Preferences Explain Academic Procrastination? An Empirical Evaluation2 cited