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of disease prevalence into a human capital augmented production function, which enables us to determine the economic …-effectiveness analysis by identifying some intervention strategies to reduce disease prevalence in China that are cost beneficial and …
Persistent link: https://www.econbiz.de/10011704338
of NCDs on labor supply and capital accumulation. We present results for the five main NCDs (cardiovascular disease …, cancer, chronic respiratory disease, diabetes, and mental health). Our undiscounted estimates indicate that the cost of the … most costly domains are cardiovascular disease and mental health, followed by respiratory disease. Our analyses also reveal …
Persistent link: https://www.econbiz.de/10009792518
In 1975, 50 year-old Americans could expect to live slightly longer than their European counterparts. By 2005, American life expectancy at that age has diverged substantially compared to Europe. We find that this growing longevity gap is primarily the symptom of real declines in the health of...
Persistent link: https://www.econbiz.de/10003893888
anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue … in their wagering decision, even though there exists no rational reason to do so. More than half of all wagers occur … manifests itself among college students. Overall, our findings suggest anchoring plays a substantial role in financial decision …
Persistent link: https://www.econbiz.de/10011526727
We present a framework that incorporates both moral motivations and fairness considerations into utility. The main idea is that individuals face a preference trade-off between their material individual interest and their desire to follow moral norms. In our model, we assume that moral motivation...
Persistent link: https://www.econbiz.de/10012138532
decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we … processing in complex decision making. …
Persistent link: https://www.econbiz.de/10011580853
We examine whether biases identified in the behavioral-economics literature apply in decision-making for others (DMfO …). We conduct a laboratory experiment in which subjects make decision on behalf of themselves and others in eighteen tasks …
Persistent link: https://www.econbiz.de/10011949189
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009753717
We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information …
Persistent link: https://www.econbiz.de/10012549435
decisions. In this challenge, they confront two questions: what decision theory to follow and how to implement it in AI systems …. This paper provides answers to these questions and makes three contributions. The first is to discuss how economic decision … consideration of procedural rationality, overcoming computational difficulties, and understanding decision-making in disequilibrium …
Persistent link: https://www.econbiz.de/10014230173