The triumph of hope over regret [electronic resource] : a note on the utility value of good health expectations / Gigi Foster, Paul Frijters, and David W. Johnston
- Bib ID:
- 6100757
- Format:
- Book
- Author:
- Foster, Gigi
- Online Access:
- Archived at ANL
- Related Online Resources:
- Publisher's site
- Description:
- Brisbane, Qld. : School of Economics, University of Queensland, 2012
- Series:
-
- Discussion paper (University of Queensland. School of Economics : Online) ; 451. 1833-1068
- PANDORA electronic collection.
- Technical Details:
-
- Mode of access: Online. Address as at 17/09/2012: http://www.uq.edu.au/economics/451-the-triumph-of-hope-over-regret-a-note-on-the-utility-value-of-good-health-expectations
- System requirements: Adobe Acrobat reader to read PDF file.
- Summary:
-
In this paper we compare three theories of utility formation: prospect theory, regret theory, and a combination which additionally allows for direct utility flows from positive expectations. We then test which of these theories best explains actual connections between health and welfare over time, using a rich Australian data set on health expectations, economic behavior, and well-being. We find evidence supporting a much stronger utility impact of health expectations than of regret regarding health. Our results support the idea than unless individuals are able to alter their future health outcomes by changing their behavior, a benevolent health care provider should only provide good information about the future.
- Notes:
-
- Title from title screen (viewed on Sept. 17, 2012)
- Includes bibliographical references (p. 24-30)
- Text.
- Selected for archiving
- Subject:
- Other authors/contributors:
- Copyright:
-
In Copyright
You may copy under some circumstances, for example you may copy a portion for research or study. Order a copy through Copies Direct to the extent allowed under fair dealing. Contact us for further information about copying.
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2012
Copyright status may not be correct if data in the record is incomplete or inaccurate. Other access conditions may also apply. For more information please see: Copyright in library collections.
Feedback
Similar items
- Remuneration of general medical practitioners in Northern Ireland; report of joint working party of representatives of the British Medical Association and the Ministry of Health and Local Government
- Decision contexts and decision rules for the economic evaluation of health services / by Keith T. Linard
- The Economics of health care
- Health outcomes : a health economics perspective / Jane Hall, Alan Shiell & CHERE
- The intelligent consumer's guide to hospital and medical plans, by Harold Maslow