Risk Attitude and Time Preference in Health
回顾并探讨了风险态度和时间偏好这两个概念在健康领域的应用,提出了一个数学模型,将健康风险态度分解为数量效应、赌博效应和时间偏好效应,并介绍了测量这些效应的方法。
Risk attitude and time preference are well-known and distinct concepts in the study of individuals' preferences for goods such as money. This paper reviews and explores the application of these concepts to the field of health. A mathematical model is presented, both in a general form and in an exponential form, which relates an individual's risk attitude in health to three effects—a quantity effect, a gambling effect and a time preference effect. It is shown that the overall risk attitude, as measured by its direction and magnitude, is merely the sum of the individual effects, as measured by their directions and magnitudes. Measurement methods are presented which can be used in a given situation to determine which effects are operating, in what directions and with what magnitudes. A new measurement procedure based on the temporary palliation of a chronic condition is described as a method of obtaining an individual's time preference pattern for health.