Krieger, Miriam; Mayrhofer, Thomas - 2012
We study risk aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the ….3% prevalence rate). Risk aversion accounts for 3/4 of this effect, prudence for 1/4. The medical decision framing does not affect … risk aversion, but is associated with more and stronger prudent behavior. These findings have consequences for treatment …