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Related Experiment Videos

Prudence and optimal prevention for health risks.

Christophe Courbage1, Béatrice Rey

  • 1The Geneva Association, 53, route de malagnou, CH-1208 Geneva, Switzerland. christophe_courbage@genevaassociation.org

Health Economics
|August 4, 2006
PubMed
Summary

Individuals with a higher fear of sickness (FS) engage in more prevention efforts. However, lower prudence is a key factor in determining optimal health risk prevention, regardless of risk distribution.

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Area of Science:

  • Health Economics
  • Behavioral Economics
  • Risk Management

Background:

  • Empirical studies indicate a positive correlation between fear of sickness (FS) and preventative health behaviors.
  • FS is conceptualized as the anticipated loss of future utility due to illness.

Purpose of the Study:

  • To theoretically examine the determinants of optimal prevention strategies for health risks.
  • To identify conditions under which individuals with higher FS undertake greater prevention efforts.

Main Methods:

  • Theoretical modeling of health risk prevention decisions.
  • Analysis of the role of prudence (Kimball, 1990) in optimal prevention.

Main Results:

  • A positive relationship exists between fear of sickness and prevention effort.

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  • Lower prudence is identified as a sufficient condition for increased prevention among individuals with higher FS, independent of risk distribution.

    • Conclusions:

    • Prudence is a significant determinant of optimal health risk prevention.
    • Understanding the interplay between fear of sickness and prudence can inform public health interventions and risk management strategies.