Baillon, Aurélien; Kraft, Aleli; O'Donnell, Owen; … - 2019
Despite widespread exposure to substantial medical expenditure risk in low-income populations, health insurance … deviations from that price due to risk perception and risk attitude consistent with prospect theory, plus a residual. To apply … this approach, we elicit WTP, subjective distributions of medical expenditures and risk attitude (utility curvature and …