Unlabelled: In this paper, we use the risk apportionment technique of Eeckhoudt, Rey and Schlesinger (2007) to study higher order risk preferences for others' health as well as ex-ante and ex-post inequality preferences for social risky distributions, and their interaction. In an experiment on a sample of university students acting as impartial spectators, we observe risk aversion towards social health losses and a dislike of ex-ante inequality. In addition, evidence for ex-post inequality seeking is much weaker than evidence for ex-ante inequality aversion. Because ex-ante inequality aversion is unrelated to risk aversion, we conclude that simple forms of utilitarianism are not relevant for individual judgment of social risk over health. Last, our investigation of precautionary distribution, which would occur when one particular group in the society suffers from background health risk, shows substantial polarization of preferences.
Supplementary Information: The online version contains supplementary material available at 10.1007/s11238-023-09928-w.
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http://dx.doi.org/10.1007/s11238-023-09928-w | DOI Listing |
Health Econ
October 2024
Department of Economics and Related Studies, University of York, York, UK.
This paper proposes a pseudo-birth-cohort approach to deal with a lack of longitudinal data to measure health inequities over time. Using Roemer's framework for inequality of opportunity, this study measures ex-ante and ex-post inequalities in malnutrition, a concept that spans both sides of the nutrition continuum. The total contribution of observed circumstances and the direct contribution of observed efforts to the variation of malnutrition are disentangled for people born between 1983 and 1988 in Mexico.
View Article and Find Full Text PDFTheory Decis
April 2023
Tilburg School of Economics and Management, Tilburg University, Tilburg, The Netherlands.
Unlabelled: In this paper, we use the risk apportionment technique of Eeckhoudt, Rey and Schlesinger (2007) to study higher order risk preferences for others' health as well as ex-ante and ex-post inequality preferences for social risky distributions, and their interaction. In an experiment on a sample of university students acting as impartial spectators, we observe risk aversion towards social health losses and a dislike of ex-ante inequality. In addition, evidence for ex-post inequality seeking is much weaker than evidence for ex-ante inequality aversion.
View Article and Find Full Text PDFSci Adv
May 2023
The CHOICE Institute, School of Pharmacy, University of Washington, Seattle, WA, USA.
To answer whether patients' race belongs in clinical prediction algorithms, two types of prediction models are considered: (i) diagnostic, which describes a patient's clinical characteristics, and (ii) prognostic, which forecasts a clinical risk or treatment effect that a patient is likely to experience in the future. The ex ante equality of opportunity framework is used, where specific health outcomes, which are prediction targets, evolve dynamically due to the effects of legacy levels of outcomes, circumstances, and current individual efforts. In practical settings, this study shows that failure to include race corrections will propagate systemic inequities and discrimination in any diagnostic model and specific prognostic models that inform decisions by invoking an ex ante compensation principle.
View Article and Find Full Text PDFJ Health Econ
July 2023
Tilburg School of Economics and Management, Tilburg University, Tilburg, Netherlands.
This study reports the results of the first artefactual field experiment designed to measure the prevalence of aversion toward different components of social risks in a large and demographically representative sample. We identify social risk preferences for health and wealth for losses and gains, and decompose these attitudes into four different dimensions: individual risk, collective risk, ex-post inequality, and ex-ante inequality. The results of a non-parametric analysis suggest that aversion to risk and inequality is the mean preference for outcomes in health and wealth in the domain of gains and losses.
View Article and Find Full Text PDFWe study entry into entrepreneurship during the COVID-19 recession of 2020 using new data from an extensive survey of more than 24,000 Spanish households, conducted between June and November 2020. We find that while the overall decline in the startup rate in 2020 was large, and of a similar magnitude as that during the Great Recession, the differential impact depending on ex ante income was starkly different. During 2020, the drop in firm entry was entirely concentrated among low- and medium-income households.
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