30 Apr
14:00
Heterogeneous treatment and risk-taking biases in medication choices
In this paper we study treatment-taking responses to four different medication choices across four different classes of risk. We find that, in general, individuals are rational and prefer treatments with lower risks, but there are significant differences across medication types, especially for vaccines. Much of this variation can be attributed to vaccine hesitancy and illness anxiety, while certain individual characteristics, such as health status, age, and math skills, also affect treatment-taking behaviour.
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