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Satisficing is a hugely influential model of boundedly rational choice, yet it cannot be easily tested using standard choice data. We develop necessary and sufficient conditions for stochastic choice data to be consistent with satisficing, assuming that preferences are fixed, but search order...
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Incentivized experiments are commonly used to estimate marginal rate of intertemporal substitution (MRS) in the lab and in the field, and to make inferences about subject’s time preference. This paper considers the implications of an integrated model of behavior in which individuals are...
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We study the impact of subsidies (which remove cost barriers) and healthworker visits (which remove informational barriers) on over- and underuse of primary care, using a randomized control trial across 1532 children in Mali. Providing children with access to primary healthcare is an important...
Persistent link: https://www.econbiz.de/10011445394
We study how healthcare subsidies and improved information affect over- and under-use of primary healthcare in a randomized control trial of 1544 children in Mali. In a dynamic model of healthcare demand, misuse relative to policymaker preferences (here given by WHO care-seeking standards)...
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