In this paper, we specify a dynamic programming model that addresses the interplay among health, financial resources … used self reported health or disability status as a proxy for health status, we model health as a latent variable, using … is estimated using data from the Health and Retirement Study. We compare results based on our model to results based on …

In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the … of risky decision making …

: Procedural decision making and skill performing procedures. Higher procedural skill increases the use of intensive procedures … across the board, while better decision making results in fewer intensive procedures for the low risk, but more for the high … can be identified using administrative data and that improving decision making would reduce C-section rates by 15.5% in …

This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that …

Traditional economic models of vaccination assume that agents free-ride on the vaccination decision of others. These …