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2004•Princeton University Press eBooksOpen access

Behavioral Economics and Health Economics

Richard G. Frank

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Abstract

The health sector is filled with institutions and decision-making circumstances that create friction in markets and cognitive errors by decision makers.This paper examines the potential contributions to health economics of the ideas of behavioral economics.The discussion presented here focuses on the economics of doctor-patient interactions and some aspects of quality of care.It also touches on issues related to insurance and the demand for health care.The paper argues that long standing research impasses may be aided by applying concepts from behavioral economics.

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The health sector is filled with institutions and decision-making circumstances that create friction in markets and cognitive errors by decision makers.This paper examines the potential contributions to health economics of the ideas of behavioral economics.The discussion presented here focuses on the economics of doctor-patient interactions and some aspects of quality of care.It also touches on issues related to insurance and the demand for health care.The paper argues that long standing research impasses may be aided by applying concepts from behavioral economics.

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OpenAlex reports 48 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The health sector is filled with institutions and decision-making circumstances that create friction in markets and cognitive errors by decision makers.This paper examines the potential contributions to health economics of the ideas of behavioral economics.The discussion presented here focuses on the economics of doctor-patient interactions and some aspects of quality of care.It also touches on issues related to insurance and the demand for health care.The paper argues that long standing research impasses may be aided by applying concepts from behavioral economics.

Key concepts: Behavioral economics, Health economics, Behavioural economics, Health care, Economics, Applied economics, Managerial economics, Medical economics

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