Related Experiment Video
Updated: Jul 28, 2026

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
Society's choice: the tradeoff between efficacy and equity and the lives at stake
1Departments of Family Practice, Preventive Medicine and Community Health, Virginia Commonwealth University, Fairfax, Virginia, USA. swoolf@vcu.edu
Abstract:
Society understands that racial and ethnic minorities experience inferior medical care and health status, but may not appreciate the seriousness of the problem. Each year the nation spends billions of dollars to perfect the "technology" of health care (e.g., development of new drugs) and modernize delivery systems, thereby saving thousands of lives. Correcting disparities in care, however, would avert five times as many deaths. If policymakers adhered to the goal of optimizing population health, greater priority would go to resolving disparities than to refining technology, but reverse priorities prevail. Adverse socioeconomic conditions-chief among the many causes of disparities-could be eased through bold socioeconomic reforms. Society has the resources to enable the disadvantaged to attain better health but pursues other priorities.
More Related Videos
13:04Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
08:24The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
Published on: August 25, 2023
Related Concept Videos
Framing Effects
Social Exchange Theory
Ethics and Bioethics
Ethical Issues
Ethical Concerns in Healthcare:
Social Exchange Theory
Equity Theory