Behavioral Economics and Health Economics

Richard G. Frank

99 citations0/0 files storedPrinceton University Press eBooks

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Decision-Making and Behavioral Economics Healthcare Policy and Management Experimental Behavioral Economics Studies

Abstract

The health sector is filled with institutions and decision-making circumstances that create friction in markets and cognitive errors by decision makers.This paper examines the potential contributions to health economics of the ideas of behavioral economics.The discussion presented here focuses on the economics of doctor-patient interactions and some aspects of quality of care.It also touches on issues related to insurance and the demand for health care.The paper argues that long standing research impasses may be aided by applying concepts from behavioral economics.

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References

1983Human Capital 1980Toward a positive theory of consumer choice 1988A Theory of Rational Addiction 1994The Adaptive Decision Maker 2000Fairness as a Constraint on Profit Seeking: Entitlements in the Market 1997Psychology and Economics 2003Libertarian Paternalism 1996Why Bounded Rationality

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2015Behavioral Hazard in Health Insurance *2008Quality and Consumer Decision Making in the Market for Health Insurance and Health Care Services 2012Health Insurance Coverage and Take‐Up: Lessons from Behavioral Economics 2015The Effects of Introducing Mixed Payment Systems for Physicians: Experimental Evidence 2013The Economic, Public Health, and Caregiver Burden of Late-life Depression 2011Improving Health in Developing Countries 2006Reconsidering the moral hazard-risk avoidance tradeoff

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