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Doctor-patient differences in risk and time preferences: A field experiment

Matteo M Galizzi1, Marisa Miraldo2, Charitini Stavropoulou3

  • 1Department of Social Policy, Behavioural Research Lab, LSE Health, London School of Economics, Old 2.35 Old Building, Houghton Street, London WC2A 2AE, UK; École d'Économie de Paris, Hospinnomics, Paris School of Economics, Hôtel-Dieu, 1, Parvis de Notre-Dame, Bâtiment B1, 5° étage, 75004 Paris, France.

Journal of Health Economics
|October 30, 2016
PubMed
Summary

Doctors and patients exhibit distinct time preferences, with physicians valuing future outcomes more than patients. However, risk preferences between these groups appear similar within healthcare decisions.

Keywords:
Doctor–patient relationshipField experimentsImpatienceRisk aversionStructural estimation

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