
Effects of risk and time preference and expected longevity on demand for medical tests
Publication
, Journal Article
Picone, G; Sloan, F; Taylor, D
Published in: Journal of Risk and Uncertainty
January 1, 2004
Despite their conceptual importance, the effects of time preference, expected longevity, uncertainty, and risk aversion on behavior have not been analyzed empirically. We use data from the Health and Retirement Study (HRS) to assess the role of risk and time preference, expected longevity, and education on demand for three measures used for early detection of breast and cervical cancer-regular breast self-exams, mammograms, and Pap smears. We find that individuals with a higher life expectancy and lower time preference are more likely to undergo cancer screening. Less risk averse individuals tend to be more likely to undergo testing.
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Published In
Journal of Risk and Uncertainty
DOI
ISSN
0895-5646
Publication Date
January 1, 2004
Volume
28
Issue
1
Start / End Page
39 / 53
Related Subject Headings
- Economics
- 3802 Econometrics
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1502 Banking, Finance and Investment
- 1402 Applied Economics
Citation
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Picone, G., Sloan, F., & Taylor, D. (2004). Effects of risk and time preference and expected longevity on demand for medical tests. Journal of Risk and Uncertainty, 28(1), 39–53. https://doi.org/10.1023/B:RISK.0000009435.11390.23
Picone, G., F. Sloan, and D. Taylor. “Effects of risk and time preference and expected longevity on demand for medical tests.” Journal of Risk and Uncertainty 28, no. 1 (January 1, 2004): 39–53. https://doi.org/10.1023/B:RISK.0000009435.11390.23.
Picone G, Sloan F, Taylor D. Effects of risk and time preference and expected longevity on demand for medical tests. Journal of Risk and Uncertainty. 2004 Jan 1;28(1):39–53.
Picone, G., et al. “Effects of risk and time preference and expected longevity on demand for medical tests.” Journal of Risk and Uncertainty, vol. 28, no. 1, Jan. 2004, pp. 39–53. Scopus, doi:10.1023/B:RISK.0000009435.11390.23.
Picone G, Sloan F, Taylor D. Effects of risk and time preference and expected longevity on demand for medical tests. Journal of Risk and Uncertainty. 2004 Jan 1;28(1):39–53.

Published In
Journal of Risk and Uncertainty
DOI
ISSN
0895-5646
Publication Date
January 1, 2004
Volume
28
Issue
1
Start / End Page
39 / 53
Related Subject Headings
- Economics
- 3802 Econometrics
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1502 Banking, Finance and Investment
- 1402 Applied Economics