Related Experiment Video
Updated: Jan 30, 2026
07:31
Implementation of a Real-Time Psychosis Risk Detection and Alerting System Based on Electronic Health Records using CogStack
Published on: May 15, 2020
8.1K
Measuring multivariate risk preferences in the health domain
Arthur E Attema1, Olivier l'Haridon2, Gijs van de Kuilen3
1Erasmus School of Health Policy & Management, Erasmus University, P.O. Box 1738, 3000 DR Rotterdam, the Netherlands.
Journal of Health Economics
|January 19, 2019
Summary
People view health (longevity) and wealth differently for gains versus losses. For gains, they dislike risk correlation but seek it for losses, impacting financial and health decisions.
Area of Science:
- Decision Sciences
- Behavioral Economics
- Health Economics
Background:
- Understanding risk preferences is crucial for financial and health planning.
- Previous research has primarily focused on univariate risk preferences.
Purpose of the Study:
- To investigate univariate and multivariate risk preferences for health (longevity) and wealth.
- To analyze attitudes toward correlation and higher-order dependence structures (cross-prudence, cross-temperance).
Main Methods:
- Utilizing the risk apportionment technique by Eeckhoudt et al. (2007).
- Measuring attitudes toward correlation and higher-order dependence for gains and losses.
Main Results:
- For gains: correlation aversion and cross-prudence in longevity and wealth.
- For losses: correlation seeking and cross-imprudence.
- Longevity and wealth act as substitutes for gains, but not for losses.
Conclusions:
- Risk preferences for health and wealth are comparable but closer to linearity for wealth.
- Attitudes toward dependence structures in health are sign-dependent.
- Findings have implications for insurance, savings, and health investment decisions.
Related Concept Videos
02:26Conservation of Protein Domains Over Different Proteins
14.4K
Protein domains are small structurally independent units that are part of a single amino acid chain. Although these domains are often structurally independent, they may rely on synergistic effects to perform their functions as part of a larger protein. Protein domains may be conserved within the same organism, as well as across different organisms.
A limited set of protein domains often duplicate and recombine during evolution. These domains can be organized in different combinations to...
A limited set of protein domains often duplicate and recombine during evolution. These domains can be organized in different combinations to...
14.4K
01:12Relative Risk
2.1K
Relative risk (RR) is a statistical measure commonly used in epidemiology to compare the likelihood of a particular event occurring between two groups. This metric is important for evaluating the relationship between exposure to a specific risk factor and the probability of a particular outcome. It plays a crucial role in medical research, public health studies, and risk assessment. Relative risk quantifies how much more (or less) likely an event is to occur in an exposed group compared to an...
2.1K
01:18Membrane Domains
7.2K
The membrane domains concentrate specific lipids and proteins at one place within the membrane, which helps in cell signaling, adhesion, and other critical cellular processes. These domains can differ in size, composition, function, and lifespan.
Protein Domains
The membrane comprises a group of distinct proteins responsible for carrying out a cell's specific function. For example, the plasma membrane of the human sperm, or a single germ cell, contains a unique set of proteins in the...
Protein Domains
The membrane comprises a group of distinct proteins responsible for carrying out a cell's specific function. For example, the plasma membrane of the human sperm, or a single germ cell, contains a unique set of proteins in the...
7.2K
01:29Three Developmental Domains
1.1K
Human development is typically examined across three main domains: physical, cognitive, and socio-emotional. These domains represent the significant areas of change and continuity throughout the lifespan, from infancy to late adulthood.
Physical Development
Physical processes, also known as maturation, encompass the biological changes that occur across an individual's life. These changes begin with genetic inheritance and continue through various stages, including growth in height and weight,...
Physical Development
Physical processes, also known as maturation, encompass the biological changes that occur across an individual's life. These changes begin with genetic inheritance and continue through various stages, including growth in height and weight,...
1.1K
01:21Three-Domain System of Life
1.0K
Ribosomal RNA (rRNA) sequence analysis revealed three distinct groups of cells: eukaryotes, bacteria, and archaea. In 1978, Carl R. Woese proposed the concept of domains, a taxonomic level above kingdoms, to differentiate these groups. He suggested that archaea and bacteria, despite their similar appearance, represent separate domains. Domains differ in rRNA, membrane lipid structure, transfer RNA, and antibiotic sensitivity.In this classification, animals, plants, and fungi belong to the...
1.0K
01:26Factors Affecting the Risk of Infection
13.5K
The hosts' susceptibility to infection depends on several factors. The integrity of the skin and mucous membranes helps protect the body against microbial attacks. When the skin is altered, the chance of infection, limb loss, and even death increases.
The integrity and count of the white blood cells help the body resist pathogens and fight infection. When impaired, it reduces the body's resistance to pathogens. The acidic pH levels of the gastrointestinal, genitourinary tracts, and skin...
The integrity and count of the white blood cells help the body resist pathogens and fight infection. When impaired, it reduces the body's resistance to pathogens. The acidic pH levels of the gastrointestinal, genitourinary tracts, and skin...
13.5K