Present bias and health


Journal Article

© 2018, Springer Science+Business Media, LLC, part of Springer Nature. This study uses a dynamic discrete choice model to examine the degree of present bias and naivete about present bias in individuals’ health care decisions. Clinical guidelines exist for several common chronic diseases. Although the empirical evidence for some guidelines is strong, many individuals with these diseases do not follow the guidelines. Using persons with diabetes as a case study, we find evidence of substantial present bias and naivete. Counterfactual simulations indicate the importance of present bias and naivete in explaining low adherence rates to health care guidelines.

Full Text

Duke Authors

Cited Authors

  • Wang, Y; Sloan, FA

Published Date

  • October 1, 2018

Published In

Volume / Issue

  • 57 / 2

Start / End Page

  • 177 - 198

Electronic International Standard Serial Number (EISSN)

  • 1573-0476

International Standard Serial Number (ISSN)

  • 0895-5646

Digital Object Identifier (DOI)

  • 10.1007/s11166-018-9289-z

Citation Source

  • Scopus