Non-Life-Threatening Ailments and Rational Patience

dc.contributor.authorBolin, Kristian
dc.contributor.authorCaputo, Michael R.
dc.contributor.organizationDepartment of Economics, University of Gothenburgsv
dc.date.accessioned2019-08-21T12:15:17Z
dc.date.available2019-08-21T12:15:17Z
dc.date.issued2019-08
dc.descriptionJEL Codes: D15; I12sv
dc.description.abstractThe time at which a rational patient might choose an elective medical procedure for a non-life-threatening ailment is contemplated. The resulting model is purposely uncomplicated but general, and accounts for several basic factors that might affect such a decision. One such factor is that a patient cannot know with certainty the degree to which the medical procedure will be successful. Even so, patients have information about the expected outcome of the procedure and its risk, and about how the expected outcome and risk are affected by medical technological progress and surgeon experience. The effect of changes in exogenous variables on the timing of the medical procedure and on patient welfare are investigated. It is shown that risk averse and prudent patients behave in an unambiguous manner in response to changes in all of the exogenous variables.sv
dc.format.extent16sv
dc.identifier.issn1403-2465
dc.identifier.urihttp://hdl.handle.net/2077/61630
dc.language.isoengsv
dc.relation.ispartofseriesWorking Papers in Economicssv
dc.relation.ispartofseries772sv
dc.subjectHealth Behaviorsv
dc.subjectOptimal Timingsv
dc.subjectMedical Decisionssv
dc.titleNon-Life-Threatening Ailments and Rational Patiencesv
dc.typeTextsv
dc.type.svepreportsv

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