When Risk Perception Gets in the Way: Probability Weighting and Underprevention
Aurélien Baillon
(1, 2)
,
Han Bleichrodt
,
Aysil Emirmahmutoglu
,
Johannes Jaspersen
,
Richard Peter
(3)
Aurélien Baillon
- Fonction : Auteur
- PersonId : 1208796
- IdHAL : aurelien-baillon
Han Bleichrodt
- Fonction : Auteur
- PersonId : 1208798
- ORCID : 0000-0002-2700-412X
Aysil Emirmahmutoglu
- Fonction : Auteur
- PersonId : 1208811
- ORCID : 0000-0003-0889-9658
Johannes Jaspersen
- Fonction : Auteur
- PersonId : 1208812
- ORCID : 0000-0002-3599-8988
Résumé
Prevention efforts, such as quitting smoking, flu vaccination, and exercising, are of crucial importance in health policy, but people tend to undertake too few of them. The main reason is that most prevention efforts only reduce but do not completely eliminate the risk of poor health. This makes it harder for people to assess the benefits of prevention, because they tend to misperceive and transform probabilities. In “When Risk Perception Gets in the Way: Probability Weighting and Underprevention,” Baillon et al. introduce psychological insights (probability weighting) in a model of optimal decision making and show that most people undertake too little prevention when the risk of poor health is between 10% and 80%. The paper discusses several policy measures to make people spend more on prevention.
Format du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
When Risk Perception Gets in the Way: Probability Weighting and Underprevention
|
Résumé |
en
Prevention efforts, such as quitting smoking, flu vaccination, and exercising, are of crucial importance in health policy, but people tend to undertake too few of them. The main reason is that most prevention efforts only reduce but do not completely eliminate the risk of poor health. This makes it harder for people to assess the benefits of prevention, because they tend to misperceive and transform probabilities. In “When Risk Perception Gets in the Way: Probability Weighting and Underprevention,” Baillon et al. introduce psychological insights (probability weighting) in a model of optimal decision making and show that most people undertake too little prevention when the risk of poor health is between 10% and 80%. The paper discusses several policy measures to make people spend more on prevention.
|
Auteur(s) |
Aurélien Baillon
1, 2
, Han Bleichrodt
, Aysil Emirmahmutoglu
, Johannes Jaspersen
, Richard Peter
3
1
EM -
EMLyon Business School
( 301362 )
- 23 Avenue Guy de Collongue, 69134 Ecully cedex
- France
2
GATE Lyon Saint-Étienne -
Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne
( 1169842 )
- 93, chemin des Mouilles 69130 Écully 6, rue Basse des Rives 42023 Saint-Étienne cedex 02
- France
3
University of Iowa
( 1083328 )
- Department of Finance, Iowa City, IA, Etats-Unis
- États-Unis
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2022-05
|
Volume |
70
|
Numéro |
3
|
Page/Identifiant |
1371-1392
|
Domaine(s) |
|
DOI | 10.1287/opre.2019.1910 |
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